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