Stabilized Multifamily Apartment
For Sale
Contact for pricing
605 15th St S, Saint Cloud, MN 56301
Three well-maintained apartment buildings total 28 units with one- and two-bedroom floor plans and on-site laundry.
Property Size35,822 SF
Price / SF$72.30
Days on Market49
Property Features for 605 15th St S
General Information
Standard status
Active
Size
35,822 SF
Class
C
Total Parking Spaces
52
Property subtype
Multifamily
Occupancy
96%
Investment Type
Value Add
Net Operating Income
$236,619
Additional Details
Highway Access
Yes
Multifamily Units
28
Amenities
on-site laundry
ample surface parking
spacious floor plans
individually metered electric service
Building Details
Year Built
1987
Buildings
3
Stories
3
Units
28
Tenancy
Multi
Listing Agency:
RIC Properties
Listed By:
Bryce Thompson · License #40689317
Source:
Crexi
Added: Jul 21
Changed: Aug 31
Last Checked: Sep 7 at 10:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RIC Properties
Investment Insights
Based on property information with market context.
Cloudhaven Apartments is a stabilized 28-unit multifamily investment comprised of three well-maintained apartment buildings. Unit mix includes one- and two-bedroom layouts, with in-place occupancy. The property is professionally maintained and features on-site laundry, ample surface parking, and individually metered electric service.
The community is located at 605 15th St S in St. Cloud, Minnesota, with convenient access to St. Cloud State University, CentraCare Health, major employers, retail, dining, and Interstate 94.
As an existing rental property with a balanced unit mix, Cloudhaven Apartments offers an income-producing residential asset designed for ongoing operations in an established market.
The community is located at 605 15th St S in St. Cloud, Minnesota, with convenient access to St. Cloud State University, CentraCare Health, major employers, retail, dining, and Interstate 94.
As an existing rental property with a balanced unit mix, Cloudhaven Apartments offers an income-producing residential asset designed for ongoing operations in an established market.
Key Highlights
- 1987‑built multifamily property with three well‑maintained apartment buildings totaling 28 units
- Unit mix of one- and two‑bedroom floor plans with strong in‑place occupancy
- On‑site laundry and ample surface parking for residents
Property Analytics
Property Profile
Current Use
Lease Details
28
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
Business Placement
Demographics for 56301, MN
33,786
Population
13,511
Households
2.5
Avg Household Size
30
Median Age
32%
College-Educated
91%
High-School Grad
76.6 sq mi
ZIP Area
441
Density / Sq Mi
$69,725
Median Household Income
$29,226
Median Earnings
$1,103
Median Rent
$262,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Three well-maintained apartment buildings total 28 units with one- and two-bedroom floor plans and on-site laundry.
Where is this apartment building located?
The property is located at 605 15th St S Saint Cloud, MN.
What is the asking price?
The asking price for this property is $2,590,000.
What are key features of this property?
This property features: 1987‑built multifamily property with three well‑maintained apartment buildings totaling 28 units; Unit mix of one- and two‑bedroom floor plans with strong in‑place occupancy; On‑site laundry and ample surface parking for residents
