299 14th Ave SE - Apartments FOR SALE


Saint Cloud, MN 56304
$6,000,000 USD
952-836-5742
299 14th Ave SE, Saint Cloud, MN for Sale
$6,000,000 USD
Apartments - FOR SALE
1/10
null | Request Cap Rate

299 14th Ave SE
Saint Cloud, MN 56304


HIGHLIGHTS

  • New parking lot- 2025
  • High occupancy rental driven market
  • Well maintained and professionally managed
  • On-site laundry and garages
  • Opportunity for further returns by bringing rents to market levels

OVERVIEW

Marcus & Millichap, as the exclusive listing broker, is pleased to present Brookwood Apartments, a 102-unit multifamily property located in Saint Cloud, Minnesota. This property is being offered for sale on a free-and-clear basis. Saint Cloud is a vibrant city located along the banks of the Mississippi River in central Minnesota. Known for its natural beauty and strong community spirit, Saint Cloud serves as a regional hub for commerce, education, and healthcare. The city is home to St. Cloud State University, which brings a youthful energy and cultural diversity to the area. With a rich history tied to granite quarrying—earning it the nickname "The Granite City”—Saint Cloud blends small-town charm with urban conveniences, offering residents and visitors a mix of scenic parks, historical landmarks, and modern amenities. In addition to its educational and economic strengths, Saint Cloud boasts an active arts and culture scene. The Paramount Center for the Arts and various local theaters and galleries provide a creative outlet for artists and performers. Outdoor enthusiasts enjoy the nearby Beaver Islands Trail and Munsinger Clemens Gardens, perfect for walking, biking, and relaxing by the river. The city also hosts numerous community events throughout the year, including seasonal festivals and farmers’ markets. With its welcoming atmosphere and strategic location just over an hour from Minneapolis, Saint Cloud continues to grow as a desirable place to live, work, and explore. Brookwood Apartments features a diverse mix of Studio, One-bedroom, Two-bedroom, and Three-bedroom units. The property has held historically high occupancy as well as year over year rent growth.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$54 USD /SF

# OF UNITS

102

PRICE/UNIT

$58,824

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brookwood Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.72 AC

LAND SF

205,603 SF

ZONING

R5

APN/PARCEL ID

17.01357.00,17.0236101

ASK ABOUT THIS PROPERTY

Chris CollinsMarcus & MillichapMore Info
952-836-5742

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Chris CollinsMarcus & MillichapMore Info
952-836-5742

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