For Sale: Saint Cloud MLS# 6498734
Active
$2,100,000
Commercial: Apartments
Built 1988
0.48 acres
St. Cloud schools
MLS# 6498734
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Property Description
7.25%+ Cap Rate on this package sale including two buildings with a total of 23 units! Stearns Terrace has 9-Four bedroom units & 1-One bedroom unit. The Heights has 12-Four bedroom apts & 1-One bedroom unit. 6 garage stalls & 15 tuck-under. Some recent updates have been done to make this a turn-key investment property! The buildings are ready for an easy transition to a new owner.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,100,000
Property Type:
Commercial
City:
Saint Cloud
Garage Spaces:
21
County:
Stearns
Year Built:
1988
State:
MN
Property Style:
Apartments
Zip Code:
56301
Subdivision Name:
Brott & Smiths Add
Interior
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Appliances Included:
- Cooktop
- Exhaust Fan
- Microwave
- Refrigerator
Basement Details:
None
Exterior
Stories:
Three Or More
Garage Spaces:
21
Other Parking Spaces:
28
Air Conditioning:
Wall Unit(s)
Foundation Size:
6,164 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Radiant
Parking Features:
- Asphalt
- Attached Garage
- Parking Lot
- Paved
- Tuckunder Garage
Shared Amenities:
Coin-op Laundry Owned
Unit Amenities:
Intercom System
Road Frontage:
City Street
Exterior Material:
- Block
- Vinyl Siding
Roof Details:
Flat
Lot & Land
Acres:
0.48
Geolocation:
45.54473800, -94.15506200
Inclusions:
Building, Leases, Rental License
Lot Dimensions:
149 x 151
Addl Parcels:
82447000000
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:
$25,552
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$25,552
Units
Total Units:
23
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
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
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.