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$325,000
4 Beds 3 Baths 7118099 MLS
Excellent Mixed-Use Investment Opportunity on East side of St. Cloud. Don't miss this outstanding mixed-use investment opportunity in St. Cloud. This income producing property features three separate units, including one retail/commercial space and two residential apartments. One apartment is currently operating as a successful Airbnb medium-term rental and will be conveyed fully furnished, providing a turnkey investment opportunity. All three units are currently tenant-occupied, generating strong, consistent cash flow. Each apartment includes its own dedicated laundry area for added tenant convenience. The current owner has completed numerous updates, including, new windows and exterior doors, complete renovation of the Airbnb apartment, new boiler for the front part of the building, new water heater for the rear apartment, updated light fixtures and newer appliances and additional improvements throughout. The property also offers private off-street parking alongside the building, adding value for both residential and commercial tenants. Whether you're looking to expand your investment portfolio or acquire a versatile, income-generating property, this mixed-use building is an exceptional opportunity.

418 E Saint Germain Street, Saint Cloud

Listing courtesy of Oak Realty LLP.

$2,590,000
4 Beds 7112424 MLS
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.

1416 6th Avenue S, Saint Cloud

Listing courtesy of RIC Property Management, Inc..

$375,000
7 Beds 4 Baths 7087061 MLS
Don't miss this exceptional income-producing property situated just a short walk from St. Cloud State University, Lake George, and downtown's restaurant scene. With strong curb appeal and 12 off-street parking spaces, this property checks the boxes investors and tenants both look for. This well-maintained fourplex offers a mix of updated, move-in-ready units alongside additional units with upside potential, allowing a new owner to add value and grow rents over time. The main level 3-bedroom unit has been fully renovated and features custom built-ins, luxury vinyl plank flooring throughout, an updated kitchen with new appliances, a spacious living room, an updated bathroom, and fresh paint throughout. The lower level 2-bedroom unit has also seen recent updates, including new luxury vinyl plank flooring, fresh paint and drywall, new flooring in one bedroom, and updated lighting fixtures. Rounding out the property are an upper level 1-bedroom unit and a main level 1-bedroom unit, both offering excellent opportunity for cosmetic improvements to boost rental income further. Building-wide improvements add peace of mind and reduce deferred maintenance, including a new furnace and ductwork servicing all units, a new water heater, and updated keypad entry systems on every unit. The basement includes a dedicated owner's storage room, additional tenant storage, and a shared coin-operated laundry room providing supplemental income. With its unbeatable location near campus, the lake, and downtown amenities, combined with a blend of updated units and value-add opportunities, this property is a must-see for any investor looking to expand their portfolio.

704 8th Avenue S, Saint Cloud

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

$294,900
12 Beds 4 Baths 6819582 MLS
Introducing 815 5th Avenue South in St. Cloud. This 12-bedroom, 4-bathroom home was built in 1936 and features over 4,600 square feet of living space. Don’t miss out on a rare opportunity to purchase this classic residence, only steps away from the campus of St. Cloud State University. The home does have a highly sought-after lodging license, allowing for the rental of all 12 bedrooms. The property has seen many recent updates and upgrades, including flooring, a dryer, and, most notably, a new boiler. Outside, we find that the exterior of the property offers a level lot, with plenty of off-street parking and quick access to campus or public transit. The inside of the home boasts a sprawling layout that offers numerous options and opportunities for your personal or investment needs. The main floor provides a full kitchen, an oversized living room with large bay windows, an office, dining room, full bathroom, and four large bedrooms. Check out this upper level with six bedrooms and two full bathrooms, including a full private suite. Not to be outdone, the lower level is highlighted by a large living/kitchen area, a full bathroom, a laundry area, and three more bedrooms! The home is ready to be filled for the upcoming college year and offers fantastic investment potential!

815 5th Avenue S, Saint Cloud

Listing courtesy of Your Next Place Real Estate.

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