For Sale: Saint Cloud MLS# 7010645
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Property Description
Northtown Apartments is a 12-unit market-rate multifamily property located at 1423 6th St N in St. Cloud, MN. Built in 1990, the property consists entirely of two-bedroom, one-bath units within a single 2.5-story building totaling 11, 484 SF. The asset is 100% occupied, featuring a new asphalt parking lot (2025), architectural asphalt roof (estimated under 12 years old), steel siding with brick accents, controlled intercom entry, coin-operated laundry, and a detached nine-stall garage. Separately metered electric, natural gas boiler heat, and consistent tenant demand support stable in-place operations.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,140,000
Property Type:
Commercial
City:
Saint Cloud
Garage Spaces:
9
County:
Stearns
Year Built:
1990
State:
MN
Property Style:
Other
Zip Code:
56303
Subdivision Name:
Stearns Add
Exterior
Garage Spaces:
9
Foundation Size:
3,828 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Detached Garage
- Parking Lot
- Paved Lot
Lot & Land
Acres:
0.45
Geolocation:
45.563779, -94.173309
Inclusions:
Building, Fixture/Equipment, Land, Leases
Lot Dimensions:
150' x 132'
Zoning:
Residential-Multi-Family
Schools
School District:
2249
District Phone:
3202539333
Expenses
Tenant Expenses:
Broadband, Cable TV, Electricity, Telephone
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$15,492
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$15,492
Income
Annual Gross Income:
$130,200
Rent
Annual Net Income:
$89,496
Units
Total Units:
12
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- 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 Granite City Real Estate.
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.