$2,100,000
Saint Cloud, MN 56301
MLS# 6498734
1 / 31
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! Currently 100% occupied! The buildings are ready for an easy transition to a new owner.
Details
Maps
None
MLSID: RMLS
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $2,100,000
Contingency: None
ListPrice: 2100000
List Date: 2024-03-05
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: SCAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 28
Owner Occupied: No
Year Built: 1988
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 6164
Garage Stalls: 21
For Sale or Lease: For Sale
Acres: 0.48
Lot Dimensions: 149x151
Location, Tax and Other Information
Legal Description: 13 -124 -028 PART OF LOTS 7, 8 & 9 LYING E OF LN DRAWN S FROM PT ON N LN LOT 7 122.60' E OF NW CORN TO S LN LOT 9 LESS S 14' OF W 132' OF SAID LOT 9 BROTT & SMITH'S ADD
Listing City: Saint Cloud
Map Page: 231
Municipality: Saint Cloud
Rental License?: Yes
School District Phone: 320-253-9333
House Number: 520 & 524
Street Name: 14th
Street Suffix: Street
Street Direction Suffix: S
Postal City: Saint Cloud
County: Stearns
State: MN
Zip Code: 56301
Zip Plus 4: 8939
Property ID Number: 82447000020
Complex/Dev/Subdivision: Brott & Smiths Add
Tax Year: 2023
Tax Amount: 25552
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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! Currently 100% occupied! The buildings are ready for an easy transition to a new owner.
Directions: 9th ave South, left on 14th Street
Additional Parcels Information
Property ID #2: 82447000000
Assessments
Tax With Assessments: 25552
Building Information
Building Finished SqFt: 28560
Building SqFt: 33052
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, Leases, Rental License
Unit 1
No. of 1 Bedroom Units: 2
Unit Details
Total Units: 23
Property Features
Accessible: None
Air Conditioning: Wall
Amenities Shared: Coin-op Laundry Owned
Amenities Unit: Intercom System
Appliances: Cooktop; Exhaust Fan/Hood; Microwave; Refrigerator
Assumable Loan: Yes w/ Qualifying
Basement: None
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Block; Vinyl
Fuel: Natural Gas
Heating: Boiler; Radiant
Loan Terms: Assumable; Cash; Conventional
No. of Ranges: One Per Unit
No. of Refrigerators: One Per Unit
On Site Utilities: Electric Separate; Heating Common; Hot Water Common
Owner Pays: Gas; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot; Attached Garage; Driveway - Asphalt; Paved Lot; Tuckunder Garage
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Flat
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Cable TV; Electricity
Water: City Water/Connected
Listing Office: Premier Real Estate Services
Last Updated: May - 02 - 2024
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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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
