11 3rd Ave S - Multi-Family FOR SALE


Sauk Rapids, MN 56379
$359,900 USD
320-282-7665
11 3rd Ave S, Sauk Rapids, MN for Sale
$359,900 USD
Multi-Family - FOR SALE
1/10
null | 6.8% Cap Rate

11 3rd Ave S
Sauk Rapids, MN 56379


OVERVIEW

This 6-unit multifamily property offers a solid investment with recent updates and long-term tenant appeal. There is a large 6'x25' covered side porch, fresh exterior paint on the soffit and fascia, and seamless gutters. All of the windows were updated in 2025 (except for 2 small lower level windows), and all window A/C units will stay. Each unit comes with kitchen appliances (excluding tenant-owned microwaves). Heating is provided by forced air furnaces, paired with gas water heaters. The building sits on a sturdy block foundation with cement board and wood siding, and the architectural roof shingles are approximately 11 years old. Tenants benefit from a shared 4'x10' storage area for lawn and snow equipment—two tenants have volunteered to help with upkeep of the yard in the spring, summer and fall. All tenants keep the sidewalks shoveled and salted in the winter. Landlords plow the private parking areas in the winter. Though there’s no garage, this property has been thoughtfully cared for and is ready for its next owner.

FOR SALE DETAILS

PRICE

$359,900 USD

PRICE/SF

$71 USD /SF

# OF UNITS

6

PRICE/UNIT

$59,983

CAP RATE

6.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

Commercial-Multi-Family

APN/PARCEL ID

190028700

ASK ABOUT THIS PROPERTY

Paul MorrisonRe/Max ResultsMore Info
320-282-7665

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Paul MorrisonRe/Max ResultsMore Info
320-282-7665

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.