1120 9th Avenue S, Saint Cloud, MN 56301
sale
$1,695,000
|
Other
Courtesy Of Alliance Real Estate, LLC
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.
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Property Features
- Age: 31-40 Years Old
- Appliance: Freezer
- Appliance: Dishwasher
- Appliance: Cooktop
- Appliance: Microwave
- Appliance: Refrigerator
- Appliance: Range
- Appliance: Washer
- Architecture Style: Other
- Cooling System: Wall Unit(s)
- Floor Covering: Vinyl
- Floor Covering: Linoleum
- Floor Covering: Carpet
- Heating System: Baseboard
- Legal Description: S 44 2/3' OF W2 BLK 83 JAMES BOWES ADD & FR'L TRI OF VAC 9 AVE ADJ ALL OF BLK 1 OF NORMAL PARK ADD LESS W'LY PART FOR STREET ALSO THAT PART OF SE4 E OF SAID LOTS AND WEST OF ALLEY IN BLK 83 BOWES EXT'D S NORMAL PARK ADD TRACT SESE SECTION 14 TOWNSHIP 124 RANGE 028
- MLSID: 7003115
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