651-724-3347
1812 16th St SE, Saint Cloud, MN for Sale
Apartments - FOR SALE
1/6
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1812 16th St SE
Saint Cloud, MN 56304
Clemens & Munsinger Gardens


OVERVIEW

CBRE Minneapolis is pleased to exclusively list Wildwood Townhomes, a compelling investment opportunity with proven value-add potential in the stable, growing St. Cloud, Minnesota market. The 132-unit community differentiates itself from other assets in the market by its distinctive unit mix, heavily consisting of spacious 4-bedroom townhomes. This positioning allows investors to capitalize on the underserved segment of renters requiring larger living spaces while maintaining competitive rental rates in the surrounding submarket. Significant exterior capital improvements have been completed, including new roof installations and all new siding, providing investors with immediate curb appeal while allowing them to focus on interior unit renovations.

FOR SALE DETAILS

PRICE

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# OF UNITS

135

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wildwood Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1988

PARKING SPACES

234

LAND DETAILS

LAND ACRES

9.63 AC

LAND SF

419,483 SF

ZONING

-

APN/PARCEL ID

85-419-0110,85-419-0120,85-419-0130,85-419-0210,85-419-0310,85-422-0110,85-422-0210

ASK ABOUT THIS PROPERTY

651-724-3347

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651-724-3347

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