125 4 Ave St. Cloud, MN 56304
- Commercial real estate
- 14,643 SF
- 0.63 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 125 4 Ave
- Year built
- 1983
- Lot size
- 0.63 lot acres
- Property size
- 14,643 SF
- Property type
- Commercial real estate
Description
This well-maintained, 18-unit apartment building presents a compelling investment opportunity in St. Cloud, Minnesota. Located at 125 4th Ave NE, this property boasts a total of 14,643 square feet across two, three-story buildings situated on a 0.63-acre lot. The building, constructed in 1983 and zoned R5, features 17 one-bedroom units and one studio apartment. A four-stall detached garage provides convenient parking. The property benefits from a strong location within walking distance of local amenities and major employers. The asking price is $1,300,000, representing a price per unit of $72,222.22 and a price per square foot of $88.78. The property's pro-forma NOI is $79,961, yielding a 6.15% cap rate. Long-term, on-site management has ensured minimal deferred maintenance. Additional features include a coin-operated laundry facility. No pets have been allowed on the property during the current ownership. This property offers a stable income stream and significant potential for future growth. The property is conveniently located in Benton County, MN, zip code 56304.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Cloud
- County
- Benton
- State
- Minnesota
- Longitude
- -94.1543807
- Latitude
- 45.5666995
