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21126180
21126181

25-33 14th Ave NE, St. Cloud, MN 56304

MA
MN MN 20324981
eXp Commercial
Listed by eXp Commercial
$900,000
484 days on market
Updated 51 days ago

Rosebrook

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 11,402
Units 12
Cap Rate 6.73%
NOI $64,574
Year Built 1945
Year Renovated 1985
Acreage 0.190

Multifamily | 6.73% CAP | 12 Units

Marketing description

EXP Commercial is pleased to announce the exclusive listing of the Rosebrook Apartments, a twelve-unit apartment complex located in St. Cloud, MN. Just north of the Highway 10 and Highway 23 interchange, this property is close to major traffic arteries as well as nearby grocery, restaurants, hotels, and a host of other retail stores. All units have a patio or deck in the private fenced back yard. Recently appraised for list price, this property is listed at $75k per unit. Less than a mile from the Mississippi River and Downtown St. Cloud the convenience of the location and size of the units attract renters to this property. This low-rise building boasts three separate entrances, Ten two-bedroom units, and Two one-bedroom units. Three garage stalls are also available to rent.

Investment highlights

  • 12 units - Ten 2 bed 1 bath, Two 1 bed 1 bath

  • Well Located

  • On-site Laundry

  • Patio or Deck for all units, plus a private back yard

Listing Contacts

MA
MN MN 20324981
eXp Commercial
Listed by eXp Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$64,574.00
$5,381.17/mo

Valuation Metrics

0
DSCR
7.17%
Cap Rate
7.17%
ROI

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Additional Information

Name
Michael Ahles
License
MN 20324981
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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