1416 6th Ave S - Apartments FOR SALE


Saint Cloud, MN 56301
$2,590,000 USD
763-689-0349
1416 6th Ave S, Saint Cloud, MN for Sale
$2,590,000 USD
Apartments - FOR SALE
1/4
null | 9.1% Cap Rate

1416 6th Ave S
Saint Cloud, MN 56301


HIGHLIGHTS

  • 28-unit portfolio across three adjacent buildings
  • 35,822 SF of rentable area
  • Constructed 1987–1988
  • Professionally maintained capital improvements
  • Opportunity to increase NOI through strategic rent adjustments and expense optimization
  • Well-positioned for investors seeking a stabilized workforce housing asset

OVERVIEW

Cloud Haven Apartments presents an opportunity to acquire a well-maintained, three-building multifamily portfolio totaling 28 units in the heart of St. Cloud, Minnesota. Built between 1987 and 1988, the property offers a desirable unit mix with stable in-place occupancy and meaningful upside through continued operational efficiencies and rental growth. The portfolio benefits from a strong neighborhood location near St. Cloud State University, major employers, shopping, dining, and regional transportation corridors. Residents enjoy convenient access to everyday amenities while investors benefit from the area's consistent rental demand.

FOR SALE DETAILS

PRICE

$2,590,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

28

PRICE/UNIT

$92,500

CAP RATE

9.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cloudhaven Apartments 1416 6th Ave S.

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C

APN/PARCEL ID

82.44694.0000,82.44703.0000,82.44703.0001

ASK ABOUT THIS PROPERTY

Nik AndersonRIC Property ManagementMore Info
763-689-0349

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Nik AndersonRIC Property ManagementMore Info
763-689-0349

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