1020 6th Avenue S, Saint Cloud

$1,995,000

0 Bed
0 Bath
.67 Acre
26 Garages

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!

Essential Information
MLS® #6435363
Price$1,995,000
Bathrooms0.00
Acres0.67
Year Built1988
TypeCommercial Sale
Sub-TypeApartment
StyleApartment
StatusActive
Community Information
Address1020 6th Avenue S
CitySaint Cloud
CountyStearns
StateMN
Zip Code56301
Amenities
AmenitiesCoin-op Laundry Owned
# of Garages26
Garages

Assigned, Attached Garage, Asphalt, Other, Paved, Tuckunder Garage, Unassigned

Interior
AppliancesRange, Refrigerator
HeatingBaseboard, Hot Water
CoolingWall Unit(s)
Exterior
ConstructionMetal Siding, Vinyl Siding
Roof

Age 8 Years or Less, Asphalt, Pitched

School Information
DistrictSt. Cloud
Additional Information
Days on Market242
ZoningResidential-Multi-Family
Listing Details
OfficePremier Real Estate Services
Property History
Price Reduced from $2,100,000 to $1,995,000
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Listing information last updated on May 17th, 2024 at 3:20am CDT.