Saint Cloud, MN 56301
$2,590,000
Property Type:
Commercial
Bedrooms:
4
Square Footage:
35,822
Lot Size (sq. ft.):
19,166
Status:
Active
Current Price:
$2,590,000
List Date:
7/20/2026
Last Modified:
7/20/2026
Overview
Description
Listing Details MLS# 7112424
General Property Information
- Lot Measurement
- Acres
- Management Company Name
- Owner Self Manages
- Multiple PIDs?
- No
- Other Parking Spaces
- 52
- Owner Occupied
- No
- Waterfront YN
- No
- Year Built
- 1988
- Yearly/Seasonal
- Yearly
- Zoning
- Residential-Multi-Family
- Foundation Size
- 11940
- For Sale or Lease
- For Sale
- Acres
- 0.44
- Lot Dimensions
- 1.23 acres
- Assessment Pending
- No
- Garage Stalls
- 0
Property Features
Accessible:
Other
Air Conditioning:
Window Unit(s)
Amenities Shared:
Coin-op Laundry Leased
Appliances:
Dishwasher; Range; Refrigerator
Assumable Loan:
Yes w/ Qualifying
Basement:
Concrete Block; Partial
CMU Style:
Apartments/Multi Family
Construction Status:
Previously Owned
Current Use:
Residential
Exterior:
Brick/Stone; Metal
Foundation:
Concrete Block
Fuel:
Natural Gas
Heating:
Boiler
On Site Utilities:
Electric Separate; Heating Common
Owner Pays:
Heat; Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Management; Pest Control; Repairs; Roof Maintenance; Security; Sewer; Snow Removal; Taxes; Water
Parking Characteristics:
Uncovered/Open
Sewer:
City Sewer/Connected
Stories:
Three Or More
Tenant Pays:
Cable TV; Electricity; Telephone
Water:
City Water/Connected
Contract Information
- Contingency
- None
- ListPrice
- 2590000
- Owner is an Agent?
- Yes
- Auction?
- No
Location Tax and Other Information
- Postal City
- Saint Cloud
- County
- Stearns
- State
- MN
- Zip Code
- 56301
- Complex/Dev/Subdivision
- Brott & Smiths Add
Assessments
- Tax With Assessments
- 12540
- Assessment Balance
- 0
Building Information
- Building Finished SqFt
- 35822
- Building SqFt
- 35822
More Information
Income and Expenses
- Annual Electric Expense
- 19148
- Annual Gross Expenses
- 207031
- Annual Gross Income
- 467000
- Annual Insurance Expense
- 33170
- Annual Maintenance Expense
- 26470
- Annual Net Income
- 236619
- Annual Trash Expense
- 16782
- Annual Water/Sewer Expense
- 36408
- Total Annual Expenses
- 207031
Lease Details
- Land Leased
- Not Applicable
Miscellaneous Information
- Homestead
- No
Ownership
- Fractional Ownership
- No
Public Survey Info
- Range#
- 28
- Section#
- 13
- Township#
- 124
Sale Options
- Sale Includes
- Building
Unit 1
- Unit Number
- Yes
- Monthly Rent
- 1395
- Total Bedrooms
- 4
- Unit Total SqFt
- 1380
- Leased?
- Yes
- Lease Expiration Date
- 2027-05-01
Unit Details
- Total Units
- 28
Office/Member Info
- Association
- SPAAR
Location, Tax and Other Information
- Legal Description
- S 14' OF W 132' OF LOT 9 AND THAT PART OF LOTS 10, 11, 12 LYING NW'LY OF LN DESC AS BEG A PT ON W LN OF LOT 12 50.5' N OF SW CORNER - PARR WITH S LN OF LOT 12 FOR 62' - NE'LY DEFLECTING 45D LEFT 106.77' - E DEFLECTING 45D RIGHT 112.6 TO E LN OF LOT 10 THERE TERM & VAC ALLEY ADJ TO LOT 12 BROTT & SMITH'S ADD SECTION 13 TOWNSHIP 124 RANGE 028
- Listing City
- Saint Cloud
- Map Page
- 231
- Municipality
- Saint Cloud
- School District
- St. Cloud
- School District Phone
- 320-253-9333
- Zip Plus 4
- 1244
- Property ID Number
- 82447030001
- Tax Year
- 2025
- Tax Amount
- 12540
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- Well-maintained 28-unit multifamily investment opportunity consisting of three apartment buildings in St. Cloud, Minnesota. The property offers strong in-place cash flow with a 9.1% in-place cap rate while boasting full occupancy. Ownership has completed extensive capital improvements including major boiler component upgrades, roof replacements (2010 and 2017), flooring, appliances, and common area improvements. Tenants pay separately metered electricity and internet while ownership pays gas, water/sewer, trash, and common utilities. On-site laundry, ample surface parking, and proximity to St. Cloud State University and downtown St. Cloud make this an attractive long-term investment opportunity.
- Directions
- Call Broker to set up showing.
Accessible
- Other
- Yes
Air Conditioning
- Window Unit(s)
- Yes
Amenities Shared
- Coin-op Laundry Leased
- Yes
Appliances
- Dishwasher
- Yes
- Range
- Yes
- Refrigerator
- Yes
Assumable Loan
- Yes w/ Qualifying
- Yes
Basement
- Concrete Block
- Yes
- Partial
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Brick/Stone
- Yes
- Metal
- Yes
Foundation
- Concrete Block
- Yes
Fuel
- Natural Gas
- Yes
Heating
- Boiler
- Yes
Owner Pays
- Heat
- Yes
- Hot Water
- Yes
- Insurance
- Yes
- Lawn
- Yes
- Maintenance/Repair
- Yes
- Management
- Yes
- Pest Control
- Yes
- Repairs
- Yes
- Roof Maintenance
- Yes
- Security
- Yes
- Sewer
- Yes
- Snow Removal
- Yes
- Taxes
- Yes
- Water
- Yes
Parking Characteristics
- Uncovered/Open
- Yes
Sewer
- City Sewer/Connected
- Yes
Stories
- Three Or More
- Yes
Water
- City Water/Connected
- Yes
Tenant Pays
- Cable TV
- Yes
- Electricity
- Yes
- Telephone
- Yes
On Site Utilities
- Electric Separate
- Yes
- Heating Common
- Yes
CMU Style
- Apartments/Multi Family
- Yes
Current Use
- Residential
- Yes
Listing Office:
RIC Property Management, Inc.
Last Updated: July - 20 - 2026
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