For Sale: Saint Cloud MLS# 7003115
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Property Description
This fully renovated multi-family apartment complex in St. Cloud offers a rare opportunity to own a stabilized, professionally managed investment property with modern finishes and low owner responsibility. The building consists of 15 total units, including three (3) 2-bedroom, 2-bath units and twelve (12) 4-bedroom, 1-bath units, providing a strong and flexible unit mix. The property underwent a complete rehabilitation in 2023, featuring updated common hallways, new luxury vinyl plank and laminate flooring throughout the entire building, and tiled showers in all units. On-site laundry adds convenience for tenants and supports retention. All units are leased and professionally managed, offering immediate income and organized operations. Owners cover virtually no utilities, as costs are passed through via reimbursements, helping maintain strong cash flow and predictable expenses. This turn-key St. Cloud investment is ideal for buyers seeking stable income, minimal deferred maintenance, and long-term value.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,795,000
Property Type:
Commercial
City:
Saint Cloud
Garage Spaces:
0
County:
Stearns
Year Built:
1988
State:
MN
Property Style:
Other
Zip Code:
56301
Subdivision Name:
Normal Park Add
Interior
Flooring:
Carpet, Luxury Vinyl Plank, Vinyl
Refrigerators:
One
Appliances Included:
- Cooktop
- Dishwasher
- Exhaust Fan
- Freezer
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
Basement Details:
None
Exterior
Stories:
Three Or More
Garage Spaces:
0
Air Conditioning:
Wall Unit(s)
Foundation Size:
7,106 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Boiler
Parking Features:
- Guest Parking
- Parking Lot
- Paved Lot
Unit Amenities:
None
Road Frontage:
City Street
Pool:
None
Lot & Land
Acres:
0.634
Geolocation:
45.547519, -94.159811
Inclusions:
Building
Lot Dimensions:
141 x 110 x 67 x 170 x 175
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
2249
District Phone:
3202539333
Expenses
Tenant Expenses:
Electricity, Sewer, Water
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$22,212
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$22,332
Units
Total Units:
15
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Available Utilities:
Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Integrity NW.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.