For Sale: Sauk Rapids MLS# 6800496
Active
NEW!
$374,900
Commercial: Apartments
Built 1940
0.15 acres
Sauk Rapids-Rice schools
MLS# 6800496
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Property Description
This 6-unit multifamily property offers a solid investment with recent updates and long-term tenant appeal. There is a large 6'x25' covered side porch, fresh exterior paint on the soffit and fascia, and seamless gutters. All of the windows were updated in 2025 (except for 2 small lower level windows), and all window A/C units will stay.
Each unit comes with kitchen appliances (excluding tenant-owned microwaves). Heating is provided by forced air furnaces, paired with gas water heaters. The building sits on a sturdy block foundation with cement board and wood siding, and the architectural roof shingles are approximately 11 years old.
Tenants benefit from a shared 4'x10' storage area for lawn and snow equipment—two tenants have volunteered to help with upkeep of the yard in the spring, summer and fall. All tenants keep the sidewalks shoveled and salted in the winter. Landlords plow the private parking areas in the winter. Though there’s no garage, this property has been thoughtfully cared for and is ready for its next owner.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$374,900
Property Type:
Commercial
City:
Sauk Rapids
Garage Spaces:
0
County:
Benton
Year Built:
1940
State:
MN
Property Style:
Apartments
Zip Code:
56379
Interior
Ranges:
One Per Unit, Six or More
Refrigerators:
One Per Unit, Six or More
Appliances Included:
- Range
- Refrigerator
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
10
Air Conditioning:
Window Unit(s)
Foundation Size:
1,692 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Other
Shared Amenities:
Porch
Road Frontage:
- City Street
- Curbs
- Paved Streets
Exterior Material:
- Fiber Board
- Wood Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.15
Geolocation:
45.5900989446, -94.1640201111
Inclusions:
Building, Land
Lot Dimensions:
60 x 140
Zoning:
- Business/Commercial
- Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
47
District Phone:
320-253-4703
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$317
Annual Fuel Expense:
$1,869
Annual Insurance Expense:
$5,440
Annual Maintenance Expense:
None
Annual Gross Expense:
$16,506
Annual Trash Expense:
$826
Annual Water/Sewer Expense:
$1,045
Tenant Expenses:
Cable TV, Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,716
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,334
Income
Annual Gross Income:
$40,979
Rent
Annual Net Income:
$24,473
Units
Total Units:
6
Miscellaneous
Current Use:
Commercial
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.