For Sale: Saint Cloud MLS# 7087061
Active
NEW!
$400,000
Multi-family: Fourplex
7 br • 4 ba • Built 1940
3,947 sqft • 0.25 acres
St. Cloud schools
MLS# 7087061
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Property Description
Don't miss this exceptional income-producing property situated just a short walk from St. Cloud State University, Lake George, and downtown's restaurant scene. With strong curb appeal and 12 off-street parking spaces, this property checks the boxes investors and tenants both look for.
This well-maintained fourplex offers a mix of updated, move-in-ready units alongside additional units with upside potential, allowing a new owner to add value and grow rents over time.
The main level 3-bedroom unit has been fully renovated and features custom built-ins, luxury vinyl plank flooring throughout, an updated kitchen with new appliances, a spacious living room, an updated bathroom, and fresh paint throughout. The lower level 2-bedroom unit has also seen recent updates, including new luxury vinyl plank flooring, fresh paint and drywall, new flooring in one bedroom, and updated lighting fixtures.
Rounding out the property are an upper level 1-bedroom unit and a main level 1-bedroom unit, both offering excellent opportunity for cosmetic improvements to boost rental income further.
Building-wide improvements add peace of mind and reduce deferred maintenance, including a new furnace and ductwork servicing all units, a new water heater, and updated keypad entry systems on every unit. The basement includes a dedicated owner's storage room, additional tenant storage, and a shared coin-operated laundry room providing supplemental income.
With its unbeatable location near campus, the lake, and downtown amenities, combined with a blend of updated units and value-add opportunities, this property is a must-see for any investor looking to expand their portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$400,000
Price per sq ft:
$101
Property Type:
Multi-family
City:
Saint Cloud
Garage Spaces:
0
County:
Stearns
Year Built:
1940
State:
MN
Property Style:
Fourplex
Zip Code:
56301
Subdivision Name:
A A Browns Add
Interior
Bedrooms:
7
Bathrooms:
4
Finished Area:
3,947 ft2
Living Area:
3,947 ft2
Refrigerators:
Four
Basement Details:
- Finished
- Full
Exterior
Stories:
One and One Half
Garage Spaces:
0
Foundation Size:
2,062 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Open
- Paved Lot
Shared Amenities:
- Coin-op Laundry Owned
- Porch
Roof Details:
Asphalt
Rooms
Laundry:
- Common Area
- Laundry Room
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.25
Geolocation:
45.552484, -94.158401
Lot Dimensions:
83 X 135
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Schools
School District:
742
District Phone:
3202539333
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,894
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,894
Income
Annual Gross Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Premier Realty Lake Minnetonka.
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.