Saint Cloud MN Real Estate & Commercial for Sale

All units currently rented, with an average rent over $1100 and room for increased rents to meet market rate. 5 of the 10 units have been remodeled since owner took over 18 months ago. Property has been stabilized with all tenants current. All units are 4BR 2Bath units. Roof has architectural shingles, building has vinyl windows; coin op laundry is included in purchase. Large parking lot for all tenants.

7.25%+ Cap Rate on this package sale including two buildings with a total of 23 units! Stearns Terrace has 9-Four bedroom units & 1-One bedroom unit. The Heights has 12-Four bedroom apts & 1-One bedroom unit. 6 garage stalls & 15 tuck-under. Some recent updates have been done to make this a turn-key investment property! The buildings are ready for an easy transition to a new owner.

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!

KLN Storage is a Mixed-Use Investment Offering, consisting of two fully leased Office & Warehouse Buildings totaling approximately 7,000 total square feet on a 1.5 acre parcel.Building #1 - A stand-alone, single-story office and warehouse building totaling approx. 2,500+/- square feet with ample paved parking. Wood framed with metal exterior. The building consists of office and reception areas with warehouse/servicing area. Building is currently 100% leased to an IT Service provider who has been leasing at the location for over 20 years. Building #2 - A stand-alone, single-story 4,400+/-SF Warehouse building/Storage facility with an emphasis on the much-desired larger storage units, consisting of 14' OH doors with 44'+ in length, ideal for RVs, Boats and large Trailers. Currently consisting of 10 Indoor spaces and 33 Outdoor spaces. This section is secured with Chain Link Fencing, enhanced LED Lighting and a Video Surveillance System.

The listing is 23.91% (Fractional Ownership) in 300 apartment units that are professionally managed. These are income based units accepting section 8 and HRA. The units have 3 campuses located in St. Cloud, Little Falls, and Milaca. See Supplements for more information.