Remarks

Fully Occupied 16 Unit Apartment Building on the edge of town surrounded by farm fields, park across the street, and long history of low vacancies only minutes from Cold Spring, I-94 and the large St. Cloud Metro. Two 1970 brick buildings consisting of 12 - Two Bedroom units averaging $775 in rent with market rents being around $900 and 4 - One Bedroom units averaging $650 in rent with market rents being around $750 per unit. Many recent updates including architectural shingles, vinyl windows, about half the units have been updated such as the two units in photos with newer flooring, paint, kitchen, appliances, bathrooms & fixtures. Two new sets of coined washer/dryer for additional income. Hot water boiler heat the owner pays, plus water, sewer, garbage, snow removal and lawn care. Tenants pay for electric heat with 16 separate electric meters and AC units on 60 amp fuses. 6 garage stalls and blacktop parking lot. Professionally managed by Jamkee Properties.

Details

MLS#: 6645105
Price: $1,050,000

Year Built: 1969

County: Stearns
Tax Fee: 12336.00