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Listing Details
- $2,590,000
- MLS# 7112424
- Type Commercial - Business
- Status Active
Listed By
Agency Name: RIC Property Management, Inc.
Agency Phone: 763-689-0349
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
Home Value Estimate
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...read more
Features
- Appliances: Dishwasher, Range, Refrigerator
- Cooling: Window Unit(s)
- Heating: Boiler
- Stories: 3.0
- Taxes: $12,540
- Water: City Water/Connected
- Year Built: 1988
Gallery
Listed By
Agency Name: RIC Property Management, Inc.
Agency Phone: 763-689-0349
Shown By
Agency Title: Town & Country Realty
Agency Phone: (701) 293-3333
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