1020 6th Avenue S Saint Cloud, MN ^$ 1,995,000

1020 6th Avenue S

^$ 1,995,000

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1020 6th Avenue S

Saint Cloud, MN, 56301

^$ 1,995,000

Studio Baths0.0 Sq 20,896

Monthly Estimate*

^$ 13,936

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Studio

Commercial Property for sale in Saint Cloud, MN

for $1,995,000. This 20,896 square foot building was built in 1988 on a lot size of 0.67.

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!

Commercial Active

Price

^$ 1,995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 21,538

Style

Apartment

Lot Size

0.67

Year Built

1988

Town/City

Saint Cloud

County/Region

Stearns

MLS | Web ID

6435363

Features

General

Sewer City Sewer/Connected

Heating Baseboard Hot Water

Cooling Wall Unit(s)

Utilities Electric Separate Heating Separate Hot Water Common

Roof Age 8 Years or Less Asphalt Pitched

Appliances Range Refrigerator

Garage Spaces 26

Construction Materials Metal Siding Vinyl Siding

Year Built 1988

Tenant Pays Cable TV Electricity

Property SubType Apartment

Tax Year 2023

Current Use Residential

Accessibility None

County Stearns

Property Type Commercial Sale

Association Amenities Coin-op Laundry Owned

Contingency None

Directions University Ave North on 5th R on 11st St S R on 6th Ave

City Saint Cloud

Buyer Agent Compensation 2.30

High School District St. Cloud

Zoning Description Residential-Multi-Family

Total Units 20

Street Name 6th

Land Lease Y/N N

Tax Annual Amount 21538

Additional Parcels Y/N N

Days on Market 168

Standard Status Active

Lender Owned No

Buyer Agent Compensation Type %

Exterior

Parking Features Assigned Attached Garage Asphalt Other Paved Tuckunder Garage Unassigned

Water Source City Water/Connected

Inclusions Building Leases

Lot Size Area 0.67

Building Area Total 20896

Lot Dimensions 220x131

Lot Size Units Acres

Foundation Area 8864

Road Frontage Type City Street

Road Responsibility Public Maintained Road

Interior

Basement (Y/N) N

Street Suffix Avenue

Fuel Natural Gas

Internal Only

Street Number 1 1020

* Excluded Features

List By

Premier Real Estate Services

Broker

Noel@premierhomesearch.com

Affordability Calculator

$15,731

Per Month

Monthly Principal & Interest: $13,936
Monthly Property Taxes: $1,795
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Saint Cloud, MN

Average List Price ^$568,083

Percent of Sale Price 72%

About Saint Cloud, MN

69,438 Population

15% Since 2002

^$47,019 Median Income

32.74 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

709352 Elementary School

709222 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/10/2023	$1,995,000	-5.00%	Price Down
9/18/2023	$2,100,000		Listed Price

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1020 6th Avenue S, Saint Cloud, MN, 56301 is a Commercial Property for sale at $1,995,000 with 20,896 sqft and a lot size of 0.67. 1020 6th Avenue S is a studio with 0.0 baths and was built in 1988. The property's zip code is 56301 which is in Saint Cloud, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/1/2024.

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1020 6th Avenue S

Commercial Property for sale in Saint Cloud, MN

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