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1423 6Th St N Saint Cloud, MN 56303

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For Sale
$1,140,000

12-unit apartment building in Saint Cloud, fully occupied.

Building Details

Year built
1990

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Listing Contact
Mike Bobick, Ccim
Source: Svn

Listing Agent: Mike Bobick, Ccim

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Overview

Well-Maintained Multifamily Investment Property

Northtown Apartments is a 12-unit multifamily property featuring all two-bedroom, one-bathroom units. Constructed in 1990, this well-maintained asset is fully occupied. The property includes one free-standing, 2.5-story building totaling 11,484 square feet on a 19,800 square foot lot. Recent capital improvements include a new asphalt parking lot completed in 2025 and an architectural asphalt roof estimated to be less than 12 years old. The building has durable steel siding with brick accents, double-pane windows and patio doors, and a controlled intercom entry system. Additional income is generated from coin-operated laundry, with 2 washers and 2 dryers. A detached nine-stall garage includes individual electric service. Each unit has spacious kitchens with dishwashers, peninsula cabinetry, and range hoods, as well as wall A/C units, breaker panels and subpanels, and large walk-in closets. Additional entry/coat storage closets are in each unit. The property features functional and efficient unit layouts, clean and well-maintained interiors, exterior security lighting, metal soffit and fascia, and 24 surface parking spaces. The building has a natural gas boiler heating system and a newer natural gas water heater. Each unit is separately metered for electric. The property is located in north Saint Cloud within the St. Cloud MSA, a regional employment and service center for Central Minnesota. The surrounding area is primarily residential with a mix of multifamily and single-family housing. The location provides convenient access to major roadways, employment centers, retail, dining, and public services throughout Saint Cloud and surrounding communities.
Location Intelligence

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Apartment buildings

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Location Insight

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City
Saint Cloud
County
Sherburne
State
Minnesota
Longitude
-94.1733512
Latitude
45.5635604

FAQs

What type of property is this?
Apartment building - 12-unit apartment building in Saint Cloud, fully occupied.
Where is this apartment building located?
The property is located at 1423 6Th St N Saint Cloud, MN.
What is the asking price?
The asking price for this property is $1,140,000.
What are key features of this property?
This property features: - 100% Occupied: Provides immediate cash flow.; - Recent Capital Improvements: New asphalt parking lot (2024) and relatively new roof (estimated under 12 years old).; - Detached 9-Stall Garage: Offers additional income potential for tenants, with individual electric service.
More about this property
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