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Active
$1,100,000
/mo Edit
Commercial:  Other
4 br • 1 ba • Built 1987
0.64 acres
St. Cloud schools
MLS# 7143471
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    Property Description

    Excellent opportunity to start , all units are 4 bedrooms about 1380^2 ft high demand tenants. Low rents

    Listing

    Contingency: None
    City: Saint Cloud
    County: Stearns
    State: MN
    Property Style: Other
    Zip Code: 56301

    Interior

    Exterior

    Garage Spaces: 0
    Air Conditioning: Wall Unit(s)
    Foundation Size: 5,000 ft2
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Hot Water
    Parking Features: Other

    Lake & Waterfront

    Waterfront Present: N

    Lot & Land

    Acres: 0.64
    Geolocation: 45.5443438315, -94.1535516563
    Inclusions: Fixture/Equipment, Leases, Rental License
    Lot Dimensions: 210 x 132
    Zoning: Residential-Multi-Family

    Schools

    School District: 742
    District Phone: 3202539333

    Expenses

    Annual Caretaker Expense: $4,000
    Annual Electric Expense: $5,000
    Annual Fuel Expense: $7,000
    Annual Insurance Expense: $5,300
    Annual Maintenance Expense: $13,000
    Annual Trash Expense: $3,000
    Annual Water/Sewer Expense: $13,000

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $19,900
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $19,900

    Income

    Annual Gross Income: $172,500

    Rent

    Annual Net Income: $94,000

    Units

    Total Units: 12

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    Water System: City Water/Connected

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    Payment:  /mo

    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!

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    Listing provided by RMLS, courtesy of RES Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.