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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,499,000

Est. payment - /mo

27,606 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Normal Park Add

MLS Listing ID 7003115

Year Built 1988

Annual Tax Amount $22,212

Tax Year 2025

Contingent None

Lot Size 27606.000 Acres

Lot Dimensions 141x110x67x170x175

Property Description

This fully renovated multi-family apartment complex in St. Cloud offers a rare opportunity to own a stabilized, professionally managed investment property with modern finishes and low owner responsibility. The building consists of 15 total units, including three (3) 2-bedroom, 2-bath units and twelve (12) 4-bedroom, 1-bath units, providing a strong and flexible unit mix. The property underwent a complete rehabilitation in 2023, featuring updated common hallways, new luxury vinyl plank and laminate flooring throughout the entire building, and tiled showers in all units. On-site laundry adds convenience for tenants and supports retention. All units are leased and professionally managed, offering immediate income and organized operations. Owners cover virtually no utilities, as costs are passed through via reimbursements, helping maintain strong cash flow and predictable expenses. This turn-key St. Cloud investment is ideal for buyers seeking stable income, minimal deferred maintenance, and long-term value.

Location

State MN

County Stearns

Zoning Residential-Multi-Family

Rooms

Basement None

Interior

Heating Baseboard, Boiler

Cooling Wall Unit(s)

Flooring Carpet, Luxury Vinyl Plank, Vinyl

Inclusions Building

Fireplace No

Appliance Cooktop, Dishwasher, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Stainless Steel Appliances

Exterior

Parking Features Guest Parking, Parking Lot, Paved Lot

Fence None

Pool None

Utilities Available Hot Water Common

Present Use Residential

Building

Lot Description Irregular Lot

Story Three Or More

Foundation 7106

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

New Construction false

Schools

School District St. Cloud

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Listed by Steven DeGreeff • Keller Williams Integrity NW

Nearby School & Business

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1120 9th AVE S Saint Cloud, MN 56301