1455 Minnesota BLVD SE, St. Cloud, MN

Multi-family for Sale - $11,980,000


Agent Info

Scott Schmitt
Coldwell Banker Commercial Orion Real Estate Advisors

Property Info

CIMLS#1153785
Location
  1455 Minnesota BLVD SE
  St. Cloud MN 56304
UpdatedFebruary 9th, 2024
TypeMulti-family
Price$11,980,000

Property Description

Offering consists of (2) Two - Three story buildings totaling over 100,000 square feet with Eighty (80) Apartment Units, and combination of tuck under and detached garages . Apartment unit mix consists of four different spacious floor plans, ranging from Studios to 2 BR – 2 BA units (1,200+/- SF). All units feature in unit front load washer and dryers, private decks/patios, spacious kitchen and dining areas and ample closet space (including walk in closets), and much more. Units are nicely equipped with all stainless-steel appliances packages consisting of range/oven, fridge/freezer, dishwasher, microwave, and wall AC unit(s).

Willow Breeze is a like new apartment building (2017 YOC) with an excellent rental history. All units are currently occupied. Building features/amenities including but not limited to; secured entry, surveillance camera system, fully sprinkled, elevator, clubhouse/community room, fitness room, large managers office, spacious entry/lobby area, storage rooms for tenants, nicely landscaped grounds, composite decks, and much more. Building is heated with high efficiency gas boilers and has high efficiency gas water heaters.

The city of Saint Cloud has a population over 65,000 and a market with over 100,000 people in 5-mile radius. This offering represents an excellent opportunity to acquire this fully occupied newer apartment property in a great location.


Financials