710 Apartments
Multifamily | 6 Units | $72,000/unit
Marketing description
710 Apartments is a well-maintained, income-producing multifamily property located at 710 13th Street South, St. Cloud, Minnesota. The property features a single three-story building with 6 units: 2 two-bedroom and 4 three-bedroom apartments, each offering one bathroom, spacious layouts, and practical living amenities.
Residents enjoy secured access, on-site laundry facilities, and off-street parking, enhancing convenience and retention. One unit is HRA-subsidized, providing added income stability. Constructed in 1982, the building has been carefully maintained and upgraded over the years, including improvements to windows, roofing, and exterior finishes.
710 Apartments is ideally situated at 710 13th Street South, in the heart of St. Cloud. Residents enjoy convenient access to major employers, shopping, dining, and entertainment options. The property is just minutes from St. Cloud State University, downtown St. Cloud, and the Mississippi River, offering a vibrant mix of academic, cultural, and recreational opportunities.
Commuting is easy with quick connections to Highway 23 and Interstate 94, while nearby public transit options make getting around simple and efficient. Essential services, grocery stores, and healthcare facilities are all within a short drive, ensuring everyday needs are met with ease.
The location supports steady rental demand from local professionals, students, and families seeking affordable housing near core amenities. This asset represents a turnkey multifamily investment opportunity with professional management, and a desirable location within a strong regional rental market.
Site Description: The property consists of a single structure of 6,270 square feet on a parcel totaling 15,240+/- square feet. Highway 23 is less than a mile away, providing convenient east–west access. U.S. Highway 10, about two miles from the site, connects St. Cloud to the Twin Cities and central Minnesota markets.
Investment highlights
- Site Description: The property consists of a single structure of 6,270 square feet on a parcel totaling 15,240+/- square feet. Highway 23 is less than a mile away, providing convenient east–west access. U.S. Highway 10, about two miles from the site, connects St. Cloud to the Twin Cities and central Minnesota markets.
- Exterior Enhancements: Fresh exterior paint, updated roofing, and improvements to siding and windows help maintain curb appeal and energy efficiency.
- Interior Upgrades: Common areas and apartment interiors have received updates such as new flooring, modernized lighting, and refreshed finishes to ensure a welcoming environment.
- Building Systems: Regular servicing and upgrades to heating, ventilation, and air conditioning (HVAC) systems, as well as plumbing and electrical components, support reliable building operations.
- Resident Amenities: Improvements to on-site laundry facilities, secured entry systems, and parking areas contribute to resident convenience and satisfaction.
- Ongoing Maintenance: The property is professionally managed, with a proactive approach to repairs and preventative maintenance, ensuring the building remains in excellent condition.
- Utilities: Xcel Energy provides natural gas and electricity. CenturyLink provides local phone service, and water and sewer services are supplied by the City of St. Cloud.
- Parking: The property offers on-site parking with a bituminous paved area accommodating approximately 12 vehicles, along with appropriately sized drive aisles.
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