For Sale: Saint Cloud MLS# 6435363
Active
$1,995,000
Commercial: Apartments
Built 1988
0.67 acres
St. Cloud schools
MLS# 6435363
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Property Description
Investment opportunity with assumable financing at 4.59% fixed rate for 6 years! Stateside consists of 2 buildings - 20 units. 4 - Studio units, 16 - Four bedroom units. Spacious units with large bathrooms w/dual sinks, common area laundry, 26 private garage stalls & 24 marked parking slots. Property has undergone several upgrades: new appliances, carpet, paint, light fixtures, and all new hallway carpet & paint in common spaces throughout the property. Both buildings just had new siding & roof installed in November! Excellent potential cash flow for a Buyer! 10%+ Cash on cash returns possible with the assumable financing!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,995,000
Property Type:
Commercial
City:
Saint Cloud
Garage Spaces:
26
County:
Stearns
Year Built:
1988
State:
MN
Property Style:
Apartments
Zip Code:
56301
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Exterior
Garage Spaces:
26
Other Parking Spaces:
24
Air Conditioning:
Wall Unit(s)
Foundation Size:
8,864 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Baseboard
- Hot Water
Parking Features:
- Asphalt
- Assigned
- Attached Garage
- Other
- Paved
- Tuckunder Garage
- Unassigned
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Exterior Material:
- Metal Siding
- Vinyl Siding
Roof Details:
- Age 8 Years or Less
- Asphalt
- Pitched
Lot & Land
Acres:
0.67
Geolocation:
45.548852, -94.155547
Inclusions:
Building, Leases
Lot Dimensions:
220 x 131
Zoning:
Residential-Multi-Family
Schools
School District:
742
District Phone:
320-253-9333
Expenses
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$21,538
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$21,698
Units
Total Units:
20
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Premier Real Estate Services.
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.