1416 6th Avenue S, St Cloud, MN
$2,590,000
4
Beds
35,822
Square feet
0.44
Acres
About 1416 6th Avenue S
Well-maintained 28-unit multifamily investment opportunity consisting of three apartment buildings in St. Cloud, Minnesota. The property offers strong in-place cash flow with a 9.1% in-place cap rate while boasting full occupancy. Ownership has completed extensive capital improvements including major boiler component upgrades, roof replacements (2010 and 2017), flooring, appliances, and common area improvements. Tenants pay separately metered electricity and internet while ownership pays gas, water/sewer, trash, and common utilities. On-site laundry, ample surface parking, and proximity to St. Cloud State University and downtown St. Cloud make this an attractive long-term investment opportunity.
Features of 1416 6th Avenue S
| MLS® # | 7112424 |
|---|---|
| Price | $2,590,000 |
| Square Footage | 35,822 |
| Acres | 0.44 |
| Year Built | 1988 |
| Type | Commercial |
| Status | Active |
| Contingency Type | None |
Community Information
| Address | 1416 6th Avenue S |
|---|---|
| Subdivision | Brott & Smiths Add |
| City | St Cloud |
| County | Stearns |
| State | MN |
| Zip Code | 56301 |
Amenities
| Utilities | Electric Separate, Heating Common |
|---|---|
| Parking | Asphalt, Open |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Range, Refrigerator |
|---|---|
| Heating | Boiler |
| Cooling | Window Unit(s) |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Block, Partial |
Exterior
| Exterior Features | Stone, Metal |
|---|
School Information
| District | St. Cloud |
|---|
Additional Information
| Zoning | Residential-Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $12,540 |
| Tax Year | 2025 |
| Office | RIC Property Management, Inc. |
Listing Details
| Office | RIC Property Management, Inc. |
|---|