For Sale: Saint Cloud MLS# 7118099
Active
$325,000
Commercial: 2 Stories
4 br • 3 ba • Built 1887
0.11 acres
St. Cloud schools
MLS# 7118099
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Property Description
Excellent Mixed-Use Investment Opportunity on East side of St. Cloud. Don't miss this outstanding mixed-use investment opportunity in St. Cloud. This income producing property features three separate units, including one retail/commercial space and two residential apartments. One apartment is currently operating as a successful Airbnb medium-term rental and will be conveyed fully furnished, providing a turnkey investment opportunity. All three units are currently tenant-occupied, generating strong, consistent cash flow. Each apartment includes its own dedicated laundry area for added tenant convenience. The current owner has completed numerous updates, including, new windows and exterior doors, complete renovation of the Airbnb apartment, new boiler for the front part of the building, new water heater for the rear apartment, updated light fixtures and newer appliances and additional improvements throughout. The property also offers private off-street parking alongside the building, adding value for both residential and commercial tenants.
Whether you're looking to expand your investment portfolio or acquire a versatile, income-generating property, this mixed-use building is an exceptional opportunity.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$325,000
Property Type:
Commercial
City:
Saint Cloud
Garage Spaces:
0
County:
Benton
Year Built:
1887
State:
MN
Property Style:
2 Stories
Zip Code:
56304
Subdivision Name:
East St Cloud
Interior
Bedrooms:
4
Bathrooms:
3
Flooring:
Carpet, Vinyl, Wood
Refrigerators:
Two
Appliances Included:
- Microwave
- Range
- Refrigerator
Basement Details:
- Full
- Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
1,460 ft2
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Hot Water
Parking Features:
- Asphalt
- More Parking Onsite for Fee
- Open
Shared Amenities:
None
Unit Amenities:
- Hardwood Floors
- Natural Woodwork
Road Frontage:
- City Street
- Paved Streets
- Sidewalks
Pool:
None
Roof Details:
- Age Over 8 Years
- Flat
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.11
Geolocation:
45.56517211, -94.15150699
Inclusions:
Building
Lot Dimensions:
48 X 100
Addl Parcels:
170014500
Zoning:
- Business/Commercial
- Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Zero Lot Line
Schools
School District:
742
District Phone:
3202539333
Expenses
Annual Electric Expense:
$3,684
Annual Insurance Expense:
$5,094
Annual Trash Expense:
$666
Annual Water/Sewer Expense:
$773
Tenant Expenses:
Cable TV, Electricity, Gas
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,768
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$3,828
Income
Annual Gross Income:
$42,823
Rent
Annual Net Income:
$9,094
Units
Total Units:
3
Miscellaneous
Current Use:
- Commercial
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
- Heating Separate
- 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 Oak Realty LLP.
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.