307 13th St N - Apartments FOR SALE


Sauk Rapids, MN 56379
$1,040,000 USD
320-267-4576
307 13th St N, Sauk Rapids, MN for Sale
$1,040,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

307 13th St N
Sauk Rapids, MN 56379


HIGHLIGHTS

  • Many Recent Updates Including New Roof, New Boiler, New Sidewalks (2022-2025)
  • Great Location Near Downtown, Parks, Schools, Major Thoroughfares
  • 11,316 +/- SF Building on 23,156 SF Land Parcel
  • 11 – 2 Bedroom Units | 1 – 1 Bedroom Unit
  • Fully Occupied Building

OVERVIEW

CBC Orion Real Estate Advisors is pleased to offer For Sale – North Country Apartments located in the vibrant community of Sauk Rapids, MN. Great location across from Good Shepherd Community and in close proximity to downtown, parks, schools, and easy access to major thoroughfares of Highway 10 & Hwy 15. Location is approximately 60 miles from the Twin Cities. Offering consists of One (1) - Three story apartment building totaling approximately 11,316 +/- square feet with Twelve (12) Apartment Units, and a Six (6) stall garage building on a ½ acre corner lot. Combination of brick and wood exterior with an asphalt shingled roof. The building consists of Eleven - 2-bedroom units and One – 1-bedroom unit. Each unit is efficiently laid out and consists of kitchen and dining areas, spacious living area, large deck or walkout patio, hallway closet, and 1-bathroom. Units are nicely equipped with range/oven, fridge/freezer, and wall AC unit. Additionally, there are coin operated laundry facilities on site. The building is currently professionally managed and fully occupied. This well-maintained apartment building received significant capital improvements in 2022-2025, consisting of a new roof, new boiler, and new sidewalks. Additionally, most of the units have been extensively updated/renovated over the years. The city of Sauk Rapids has a population of 14,000 and is included in the Saint Cloud market consisting of over 100,000 people in a 5-mile radius. North Country Apartments represents an excellent opportunity to acquire a stabilized well-located, well-maintained and updated apartment property in a great rental market. *** Contact Scott Schmitt, CCIM at CBC Orion Real Estate Advisors for further details on this offering (320) 267-4576 ***

FOR SALE DETAILS

PRICE

$1,040,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

12

PRICE/UNIT

$86,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NORTH COUNTRY APARTMENTS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,085 SF

ZONING

-

APN/PARCEL ID

19.02468.00

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.