519 14th St S - Apartments FOR SALE


Saint Cloud, MN 56301
$375,000 USD
320-267-4576
519 14th St S, Saint Cloud, MN for Sale
$375,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

519 14th St S
Saint Cloud, MN 56301


HIGHLIGHTS

  • This exceptional offer allows investors to acquire a smaller price point multifamily complex in St Cloud’s strong rental market.
  • The property includes four two-bedroom units that are all equipped with kitchens, a wall AC unit, spacious living areas, and large closets.
  • Two of the apartments were substantially renovated in 2014, with minor upgrades completed on the remaining units.
  • Operations are supported by a five-mile population of more than 98,000, with more than 49% currently renting their homes.

OVERVIEW

CBC Orion Real Estate Advisors are pleased to offer 519 14th Street South for sale, an expertly maintained multifamily investment conveniently located in Saint Cloud. The property consists of (1) one low rise apartment building totaling 3,424 square feet, with a total of four (4) units. The unit mix consists of all two-bedroom units, and all units consist of kitchen and dining, spacious living area, ample closet space, and 1-bathroom. The units also boast a range/oven, a fridge/freezer, and a wall AC unit. Two of the four units were substantially renovated in 2014, with improvements consisting of new custom kitchen and custom bathroom cabinetry, all new flooring, fixtures, and paint. Additionally, the other units have also been updated with newer flooring, fixtures, paint, and more. 519 14th Street South attracts residents with its proximity to parks, schools, restaurants and downtown. The property is just blocks from St Cloud State University, home to more than 10,000 students, providing additional opportunities for use as student housing. The city of Saint Cloud has a population of over 70,000 and the market has over 98,000 people in five-mile radius. Approximately half of these residents currently rent their homes, ensuring a robust pipeline of future residents to the complex. Don’t miss this rare opportunity to acquire a smaller price point multifamily property in a strong rental market with 519 14th Street. *** Offered For Sale at $375,000 *** Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for further details on this offering (320) 267-4576

FOR SALE DETAILS

PRICE

$375,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

4

PRICE/UNIT

$93,750

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 UNITS MULTIFAMILY | SAINT CLOUD

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

R3

APN/PARCEL ID

82-44683-0000

ASK ABOUT THIS PROPERTY

Scott M. Schmitt, CCIMCBC ORION REAL ESTATE ADVISORS, INC.More Info
320-267-4576

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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.