$2,590,000
Saint Cloud, MN 56301
MLS# 7112424
4 beds | 35822 sqft
1 / 35
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.
Details
Maps
Contract Information
Status: Active
Current Price: $2,590,000
Contingency: None
ListPrice: 2590000
List Date: 2026-07-20
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Management Company Name: Owner Self Manages
Multiple PIDs?: No
Other Parking Spaces: 52
Owner Occupied: No
Waterfront YN: No
Year Built: 1988
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 4
Foundation Size: 11940
For Sale or Lease: For Sale
Acres: 0.44
Lot Dimensions: 1.23 acres
Assessment Pending: No
Assessments
Tax With Assessments: 12540
Building Information
Building Finished SqFt: 35822
Building SqFt: 35822
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 28
Section#: 13
Township#: 124
Sale Options
Sale Includes: Building
Unit 1
Unit Number: 1
Monthly Rent: 1395
Total Bedrooms: 4
Unit Total SqFt: 1380
Leased?: Yes
Lease Expiration Date: 2027-05-01
Unit Details
Total Units: 28
Income and Expenses
Annual Electric Expense: 19148
Annual Gross Expenses: 207031
Annual Gross Income: 467000
Annual Insurance Expense: 33170
Annual Maintenance Expense: 26470
Annual Net Income: 236619
Annual Trash Expense: 16782
Annual Water/Sewer Expense: 36408
Total Annual Expenses: 207031
Location Tax and Other Information
House Number: 1416
Street Name: 6th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Saint Cloud
County: Stearns
State: MN
Zip Code: 56301
Complex/Dev/Subdivision: Brott & Smiths Add
Property Features
Accessible: Other
Air Conditioning: Window Unit(s)
Amenities Shared: Coin-op Laundry Leased
Appliances: Dishwasher; Range; Refrigerator
Assumable Loan: Yes w/ Qualifying
Basement: Concrete Block; Partial
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone; Metal
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
On Site Utilities: Electric Separate; Heating Common
Owner Pays: Heat; Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Management; Pest Control; Repairs; Roof Maintenance; Security; Sewer; Snow Removal; Taxes; Water
Parking Characteristics: Uncovered/Open
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Cable TV; Electricity; Telephone
Water: City Water/Connected
Listing Office: RIC Property Management, Inc.
Last Updated: July - 20 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
