Additional details

Brandon Miskulin

brandon@executivestarrealty.com +1(218) 464-3126

$2,590,000

Est. payment - /mo

4 Beds

0.44 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Brott & Smiths Add

MLS Listing ID 7112424

Bedrooms 4

Year Built 1988

Annual Tax Amount $12,540

Tax Year 2025

Contingent None

Lot Size 0.440 Acres

Lot Dimensions 1.23 acres

Property Description

Well-maintained 28-unit multifamily investment opportunity consisting of three apartment buildings in St. Cloud, Minnesota. The property offers strong in-place cash flow with a 9.1% in-place cap rate while boasting full occupancy. Ownership has completed extensive capital improvements including major boiler component upgrades, roof replacements (2010 and 2017), flooring, appliances, and common area improvements. Tenants pay separately metered electricity and internet while ownership pays gas, water/sewer, trash, and common utilities. On-site laundry, ample surface parking, and proximity to St. Cloud State University and downtown St. Cloud make this an attractive long-term investment opportunity.

Location

State MN

County Stearns

Zoning Residential-Multi-Family

Rooms

Basement Block, Partial

Interior

Heating Boiler

Cooling Window Unit(s)

Inclusions Building

Fireplace No

Appliance Dishwasher, Range, Refrigerator

Exterior

Parking Features Asphalt, Open

Utilities Available Electric Separate, Heating Common

Present Use Residential

Building

Story Three Or More

Foundation 11940

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

New Construction false

Schools

School District St. Cloud

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Listed by Nik Anderson • RIC Property Management, Inc.

Nearby School & Business

Brandon Miskulin

WI Broker, MN Agent | License ID: 58234-90, 40371939

+1(218) 464-3126 | brandon@executivestarrealty.com

1416 6th AVE S Saint Cloud, MN 56301

Brandon Miskulin

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

BUYING MY HOME