1120 9th Ave S - Apartments FOR SALE


Saint Cloud, MN 56301
$1,795,000 USD
763-350-5262
1120 9th Ave S, Saint Cloud, MN for Sale
$1,795,000 USD
Apartments - FOR SALE
1/25
null | 6.86% Cap Rate

1120 9th Ave S
Saint Cloud, MN 56301


HIGHLIGHTS

  • newly remodeled

OVERVIEW

This fully renovated multi-family apartment complex in St. Cloud offers a rare opportunity to own a stabilized, professionally managed investment property with modern finishes and low owner responsibility. The building consists of 15 total units, including three (3) 2-bedroom, 2-bath units and twelve (12) 4-bedroom, 1-bath units, providing a strong and flexible unit mix. The property underwent a complete rehabilitation in 2023, featuring updated common hallways, new luxury vinyl plank and laminate flooring throughout the entire building, and tiled showers in all units. On-site laundry adds convenience for tenants and supports retention. All units are leased and professionally managed, offering immediate income and organized operations. Owners cover virtually no utilities, as costs are passed through via reimbursements, helping maintain strong cash flow and predictable expenses. This turn-key St. Cloud investment is ideal for buyers seeking stable income, minimal deferred maintenance, and long-term value.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$253 USD /SF

# OF UNITS

15

PRICE/UNIT

$119,667

CAP RATE

6.86%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Campus Ridge

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,692 SF

ZONING

R3

APN/PARCEL ID

82.48811.0000

ASK ABOUT THIS PROPERTY

Steven DeGreeffKW Commercial NorthwestMore Info
763-350-5262

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Steven DeGreeffKW Commercial NorthwestMore Info
763-350-5262

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