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$2,800,000  (list price)
/mo   Edit
Commercial:  Apartments
Built 1966
0.25 acres
St. Cloud schools
MLS# 5674348
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    Description:   Fantastic income potential with this investment package of 14 4-plex Buildings. Each Building offers 2 washers/dryers and each unit offers 840 SF of living space. You'll find a total of 14 - 1+ BR units & 42 -2 BR units. Each kitchen equipped w/ range and refrigerator & several units include dishwashers & microwaves. All units have A/C and large, off - street parking lots to accommodate 98+ parking spaces. Low maint. brick exterior with newer roof & updated windows. A convenient location & well maintained property, this is a great package for the serious investor!
    List Price: $2,800,000
    Sold Price: $2,715,000
    Sold Date: 02/01/2021
    Property Type: Commercial
    Listing Status: Sold
    Contingency: None
    Property Style: Apartments
    Year Built: 1966
    City: Saint Cloud
    County: Benton
    State: MN
    Zip Code: 56304


    Building Fin Sq Ft: 47,040 sqft
    Appliances Included: Range, Microwave, Dishwasher, Refrigerator, Freezer, Washer, Dryer
    Total Ranges: One Per Unit
    Total Refrigerators: One Per Unit


    Air Conditioning: Wall Unit(s)
    Heating System: Baseboard
    Foundation Size: 1,680 sqft
    Shared Amenities: Coin-op Laundry Owned
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 0
    Other Parking Spaces: 98
    Roof Details: Pitched, Age 8 Years or Less


    Acres: 0.25
    Latitude: 45.56623999
    Longitude: -94.13302698
    Lot Size Dim.: 104x105
    Dev/Complex Name: Woodland Terrace
    Zoning: Residential-Multi-Family


    School District: 742
    District Phone: 320-253-9333

    Financial & Taxes

    Tax Year: 2020
    Annual Taxes: $34,216
    Assessment Pending: No
    Taxes w/ Assessments: $34,776


    Total Units: 56
    Number of Efficiencies: 0


    Current Use: Residential
    Fuel System: Electric
    Sewer System: City Sewer/Connected
    Available Utilities: Heating Separate, Electric Separate
    Water System: City Water/Connected

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    Local Home Mortgage Professionals

    Jeff Zajac
    Area Sales Manager
    Truestone Home Mortgage
    Jeff Zajac joined the Truestone Home Mortgage team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

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    Listing provided by RMLS, courtesy of Coldwell Banker Burnet.
    Disclaimer: The information contained in this listing has not been verified by and should be verified by the buyer.