For Sale: Saint Cloud MLS# 6674959
Active
$329,900
Commercial: Apartments
Built 1954
0.16 acres
St. Cloud schools
MLS# 6674959
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
5-Plex for sale with many recent updates featuring Five Large 2-Bedroom Units generating $3, 540 in monthly income with a solid history of long term tenants & few vacancies. Brand New $45, 000 Roof in 2021 & parking lot. Most units have been updated over the past 4 years with flooring, paint, some fixtures, and appliances. The 4 above ground units rent for $800 a month and pay their own electric/heat, basement unit rents for $500 a month with owner paying all utilities. Owner pays garbage, water, sewer, basement unit utilities and common areas. Each of the three separate garage stalls rent for $30 a month. Owner owns the coin washer/dryer set for around $400-$500 in additional income annually. Great location close to Downtown and SCSU. Tenants will enjoy the fenced in backyard with firepit, adequate off street parking, onsite washer/dryer and full basement for storage. Ideal turn-key investment property in good condition with solid tenants for immediate cash flow.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$329,900
Property Type:
Commercial
City:
Saint Cloud
Garage Spaces:
3
County:
Stearns
Year Built:
1954
State:
MN
Property Style:
Apartments
Zip Code:
56301
Interior
Ranges:
Five
Refrigerators:
Five
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Full
- Partially Finished
- Storage Space
Exterior
Stories:
Two
Garage Spaces:
3
Garage Size:
770 ft2
Other Parking Spaces:
4
Air Conditioning:
Window Unit(s)
Foundation Size:
2,079 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Boiler
Parking Features:
- Asphalt
- Detached
- Unassigned
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- City Street
- Paved Streets
Exterior Material:
Stucco
Roof Details:
- Flat
- Rubber
Lot & Land
Acres:
0.16
Geolocation:
45.557494, -94.153703
Inclusions:
Building, Leases, Rental License
Lot Dimensions:
59 x 110
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Tree Coverage - Light
Schools
School District:
742
District Phone:
320-253-9333
Expenses
Annual Electric Expense:
$4,337
Annual Insurance Expense:
$6,091
Annual Gross Expense:
$14,236
Annual Trash Expense:
$1,488
Annual Water/Sewer Expense:
$2,320
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,064
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,064
Income
Annual Gross Income:
$42,480
Rent
Annual Net Income:
$28,244
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer - In Street
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water - In Street
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Central MN Realty LLC.
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.