$1,995,000
Saint Cloud, MN 56301
MLS# 6435363
1 / 50
Property Description
Investment opportunity with assumable financing at 4.59% fixed rate for 6 years! Stateside consists of 2 buildings - 20 units. 4 - Studio units, 16 - Four bedroom units. Spacious units with large bathrooms w/dual sinks, common area laundry, 26 private garage stalls & 24 marked parking slots. Property has undergone several upgrades: new appliances, carpet, paint, light fixtures, and all new hallway carpet & paint in common spaces throughout the property. Both buildings just had new siding & roof installed in November! Excellent potential cash flow for a Buyer! 10%+ Cash on cash returns possible with the assumable financing!
Details
Maps
None
MLSID: RMLS
Contract Information
Digitally Altered Photos: No
Status: Active
Current Price: $1,995,000
Contingency: Inspection
ListPrice: 1995000
List Date: 2023-09-18
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: SCAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 24
Owner Occupied: No
Year Built: 1988
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 8864
Garage Stalls: 26
For Sale or Lease: For Sale
Acres: 0.67
Lot Dimensions: 220x131
Location, Tax and Other Information
Legal Description: 14 -124 -028 LOT 8 LESS PART TO CITY FOR CUL-DE-SAC AND LOTS 9, 10, AND 11 CURTIS SURVEY ADD
Listing City: Saint Cloud
Map Page: 231
Municipality: Saint Cloud
Rental License?: Yes
School District Phone: 320-253-9333
House Number: 1020
Street Name: 6th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Saint Cloud
County: Stearns
State: MN
Zip Code: 56301
Zip Plus 4: 4861
Property ID Number: TBD
Tax Year: 2023
Tax Amount: 21538
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Investment opportunity with assumable financing at 4.59% fixed rate for 6 years! Stateside consists of 2 buildings - 20 units. 4 - Studio units, 16 - Four bedroom units. Spacious units with large bathrooms w/dual sinks, common area laundry, 26 private garage stalls & 24 marked parking slots. Property has undergone several upgrades: new appliances, carpet, paint, light fixtures, and all new hallway carpet & paint in common spaces throughout the property. Both buildings just had new siding & roof installed in November! Excellent potential cash flow for a Buyer! 10%+ Cash on cash returns possible with the assumable financing!
Directions: University Ave, North on 5th, R on 11st St S, R on 6th Ave
Assessments
Assessment Balance: 160
Tax With Assessments: 21698
Building Information
Building Finished SqFt: 20896
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 28
Section#: 14
Township#: 124
Sale Options
Sale Includes: Building, Leases
Unit Details
Total Units: 20
Property Features
Accessible: None
Air Conditioning: Wall
Amenities Shared: Coin-op Laundry Owned
Appliances: Range; Refrigerator
Assumable Loan: Yes w/ Qualifying
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Metal; Vinyl
Fuel: Natural Gas
Heating: Baseboard; Hot Water
Loan Terms: Assumable
No. of Ranges: One Per Unit
No. of Refrigerators: One Per Unit
On Site Utilities: Electric Separate; Heating Separate; Hot Water Common
Owner Pays: Gas; Lawn; Lawn; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Assigned; Attached Garage; Driveway - Asphalt; Paved Lot; Tuckunder Garage; Unassigned; Other
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles; Pitched
Sewer: City Sewer/Connected
Tenant Pays: Broadband; Cable TV; Electricity
Wall Description: Drywall
Water: City Water/Connected
Listing Office: Premier Real Estate Services
Last Updated: May - 31 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
