1415-1419 5th Ave S - Apartments FOR SALE


Saint Cloud, MN 56301
$899,000 USD
507-837-9334
1415-1419 5th Ave S, Saint Cloud, MN for Sale
$899,000 USD
Apartments - FOR SALE
1/19
null | 8.08% Cap Rate

1415-1419 5th Ave S
Saint Cloud, MN 56301


HIGHLIGHTS

  • Two Blocks from St. Cloud State University!

OVERVIEW

Discover an exceptional investment opportunity in the heart of St. Cloud, Minnesota. This 10-unit apartment building at 1415-1419 5th Ave S offers a prime location in a thriving college town, home to St. Cloud State University. Situated just minutes from downtown, tenants enjoy easy access to local amenities, including restaurants, shops, and parks. The property features ten spacious units each boasting 4 bedrooms / 1 bath. Although currently housing low income residents, with some quality updates, this building could easily cater to students and young professionals alike if the owner should so choose. With St. Cloud's steady population growth and strong rental market, this property presents an attractive prospect for investors looking to capitalize on the area's robust demand for quality housing.

FOR SALE DETAILS

PRICE

$899,000 USD

PRICE/SF

$62 USD /SF

# OF UNITS

10

PRICE/UNIT

$89,900

CAP RATE

8.08%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

West Campus

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

R3

APN/PARCEL ID

82.44696.0000,82.44696.0004,82.44696.0008

ASK ABOUT THIS PROPERTY

Jamie BolingerWest Edge InvestmentsMore Info
507-837-9334

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Jamie BolingerWest Edge InvestmentsMore Info
507-837-9334

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.