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107 3rd Ave S
Sauk Rapids, MN 56379

$1,549,900 USD

Multifamily For Sale • 18,773 SF

Property Details

Property Type Multifamily
Total Building Size 18,773 SF
Lot Size 0.92 AC
Year Built 1965
Cap Rate 8.53 %
Zoning Multi-Family

0 Transit Score

50 Walk Score

                
                    Highlights
                
                                Three Separate Adjacent Buildings All for Sale
                            
                                All Newer Pitched Gabled Roofing in 2020
                            
                                91% Occupancy and a Strong Return on Investment with an In-Place 8.53% Cap Rate
                            
                                Exterior is All brick and recently Tuck Pointed
                            
                                12 Detached Garages and a two-car Attached Garage on the Single Family Home

Property Flyers

Village View Apts 21 units $1.55M

Financial Summary (Proforma)

Net Operating Income: $132,245 USD (2026)

Cap Rate:	8.53 %
Total Expenses:	$97,894 USD

Amenities

Air Conditioning
Cable Ready
Washer/Dryer
Ceiling Fans
Tile Floors
Eat-in Kitchen
Kitchen
Refrigerator
Range
Tub/Shower
Carpet
Lawn
Smoke Free
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
St. Cloud Amtrak Station (Empire Builder - Amtrak)	5 min	-	2.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	30
Type:	Surface
Included in Rent:	Yes

Nathan Opatz Apartment Cash Flow, Inc

107 3rd Ave S Sauk Rapids, MN 56379