1310-1320 6th Ave S - Apartments FOR SALE


Saint Cloud, MN 56301
$649,000 USD
320-267-4576
1310-1320 6th Ave S, Saint Cloud, MN for Sale
$649,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

1310-1320 6th Ave S
Saint Cloud, MN 56301


HIGHLIGHTS

  • 1310-1320 6th Avenue presents an eight-unit apartment building with a unit mix of four-beds/ one-bath.
  • New custom kitchens and bathrooms, and bathroom cabinetry with granite countertops (installed in 2018).
  • Additionally, a new roof, enhanced exterior LED security lighting, and landscaping was implemented in 2018.
  • All units offer a combination of luxury vinyl plank and tile flooring throughout.

OVERVIEW

CBC Orion Real Estate Advisors is pleased to offer 1310-1320 6th Avenue South, conveniently located in Saint Cloud, for sale. The property is close to parks, schools, and Downtown Saint Cloud, and it is approximately 60 miles from the Twin Cities. This offering comprises one low-rise apartment building totaling 8,500 +/- square feet, with eight units. There is one oversized garage outbuilding and excess land, which could be expanded or have the potential to build additional units. Unit mix consists of eight four-bedroom/one-bathroom units. Unit layouts include a kitchen and dining area, a spacious living area, ample closet space, and one bathroom. The units are nicely equipped with a range/oven, a fridge/freezer, a microwave, a dishwasher, and a wall A/C unit. Additionally, there are coin-operated laundry facilities on site. This building was substantially renovated in 2018, with improvements consisting of a new roof, landscaping, and enhanced exterior lighting. Additionally, all units were renovated with brand new custom kitchen and bathroom cabinetry, granite countertops, all new upgraded appliances, luxury vinyl plank flooring, and much more. The city of Saint Cloud has a population of over 70,000, and the market has over 105,000 people within a 5-mile radius. This offering represents an excellent opportunity to acquire this nicely updated apartment building in a strong rental market. *** Now Offered For Sale at $649,000 *** Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for further details on this offering (320) 267-4576

FOR SALE DETAILS

PRICE

$649,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

8

PRICE/UNIT

$81,125

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

UNDER CONTRACT | 8 UNITS MULTIFAMILY

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

-

APN/PARCEL ID

82.44682.0006,82.44682.0008

ASK ABOUT THIS PROPERTY

Scott M. Schmitt, CCIMCBC ORION REAL ESTATE ADVISORS, INC.More Info
320-267-4576

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

Scott M. Schmitt, CCIMCBC ORION REAL ESTATE ADVISORS, INC.More Info
320-267-4576

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