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1416 6th Ave S
Saint Cloud, MN 56301

$2,590,000 USD

Apartments For Sale  •  27,600 SF

Property Details

  • Property Type Apartments
  • Total Building Size 35,822 SF
  • Lot Size 1 AC
  • Building Class C
  • Year Built 1988
  • Cap Rate 9.10 %
  • Zoning C
10 Transit Score
50 Walk Score

Highlights

28-unit portfolio across three adjacent buildings
35,822 SF of rentable area
Constructed 1987–1988
Professionally maintained capital improvements
Opportunity to increase NOI through strategic rent adjustments and expense optimization
Well-positioned for investors seeking a stabilized workforce housing asset

Property Flyers

Cap Rate: 9.10 %

Amenities

  • Air Conditioning
  • Cable Ready
  • Controlled Access
  • Dishwasher
  • Disposal
  • Laundry Facilities
  • Microwave
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Tub/Shower

Public Transportation

Commuter RailDriveWalkDistance
St. Cloud Amtrak Station (Empire Builder - Amtrak) 6 min - 2.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 52
Type: Surface
Included in Rent: Yes
Nik Anderson 763-689-0349 RIC Property Management
Nik Anderson 763-689-0349 RIC Property Management