333 4th Ave S - Apartments FOR SALE


Saint Cloud, MN 56301- Southside
$339,900 USD
320-420-1295
333 4th Ave S, Saint Cloud, MN for Sale
$339,900 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

333 4th Ave S
Saint Cloud, MN 56301
Southside


HIGHLIGHTS

  • Hot Water, Separate Meters
  • Full, Partially Finished, Storage Space
  • Asphalt, Driveway, Detached, Garage, Unassigned

OVERVIEW

5-Plex for sale with many recent updates featuring Five Large 2-Bedroom Units generating $3,540 in monthly income with a solid history of long term tenants & few vacancies. Brand New $45,000 Roof in 2021 & parking lot. Most units have been updated over the past 4 years with flooring, paint, some fixtures, and appliances. The 4 above ground units rent for $800 a month and pay their own electric/heat, basement unit rents for $500 a month with owner paying all utilities. Owner pays garbage, water, sewer, basement unit utilities and common areas. Each of the three separate garage stalls rent for $30 a month. Owner owns the coin washer/dryer set for around $400-$500 in additional income annually. Great location close to Downtown and SCSU. Tenants will enjoy the fenced in backyard with firepit, adequate off street parking, onsite washer/dryer and full basement for storage. Ideal turn-key investment property in good condition with solid tenants for immediate cash flow.

FOR SALE DETAILS

PRICE

$339,900 USD

PRICE/SF

$64 USD /SF

# OF UNITS

5

PRICE/UNIT

$67,980

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,122 SF

ZONING

R3A

APN/PARCEL ID

82.51567.0000

ASK ABOUT THIS PROPERTY

Matt ImdiekeCentral MN Realty LLCMore Info
320-420-1295

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Matt ImdiekeCentral MN Realty LLCMore Info
320-420-1295

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