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For Sale:  Saint Cloud MLS# 7041157

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Active NEW!
$885,000
/mo Edit
Commercial:  Other
Built 1947
0.17 acres
MLS# 7041157
763-576-8286
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    Property Description

    Turnkey 15-unit investment opportunity in a high-demand rental location near St. Cloud State University, Lake George, and downtown amenities. This four-level building consists entirely of 1-bedroom, 1-bath units—an efficient unit mix that supports strong occupancy and consistent cash flow. Designed for ease of ownership, the property features a low-maintenance stucco exterior, on-site laundry for additional income potential, off-street paved parking, and dedicated landlord storage space. Its walkable location and proximity to transit and campus amenities make it highly attractive to tenants, helping minimize vacancy risk. With stable rental demand, value-add potential, and operational efficiencies already in place, this asset presents an excellent opportunity for investors seeking reliable returns and long-term appreciation. Schedule your private tour to explore this income-producing opportunity.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $885,000
    Property Type: Commercial
    City: Saint Cloud
    Garage Spaces: 0
    County: Stearns
    Year Built: 1947
    State: MN
    Property Style: Other
    Zip Code: 56301

    Interior

    Bedrooms: 0
    Bathrooms: 0
    Refrigerators: One Per Unit
    Appliances Included:
    • Dishwasher
    • Range
    • Refrigerator
    Basement Details: Block

    Exterior

    Stories: Three Or More
    Garage Spaces: 0
    Air Conditioning: None
    Foundation Size: 2,664 ft2
    Handicap Accessible: None
    Heating System:
    • Boiler
    • Hot Water
    Parking Features: Paved Lot
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.17
    Geolocation: 45.556646, -94.157047
    Inclusions: Building, Fixture/Equipment
    Lot Dimensions: 55 x 132
    Zoning: Residential-Multi-Family
    Lot Description: Public Transit (w/in 6 blks)

    Schools

    School District: 2249
    District Phone: 3202539333

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $10,036
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $10,036

    Rent

    Annual Net Income: None

    Units

    Total Units: 15

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Common
    • Heating Separate
    • Hot Water Common
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.