520 & 524 14th Street S Saint Cloud, MN ^$ 2,100,000

520 & 524 14th Street S

^$ 2,100,000

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520 & 524 14th Street S

Saint Cloud, MN, 56301

^$ 2,100,000

Studio Baths0.0 Sq 28,560

Monthly Estimate*

^$ 14,669

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Studio

Commercial Property for sale in Saint Cloud, MN

for $2,100,000. This 28,560 square foot building was built in 1988 on a lot size of 0.48.

7.25%+ Cap Rate on this package sale including two buildings with a total of 23 units! Stearns Terrace has 9-Four bedroom units & 1-One bedroom unit. The Heights has 12-Four bedroom apts & 1-One bedroom unit. 6 garage stalls & 15 tuck-under. Some recent updates have been done to make this a turn-key investment property! The buildings are ready for an easy transition to a new owner.

Commercial Active

Price

^$ 2,100,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 25,552

Style

Apartment

Lot Size

0.48

Year Built

1988

Town/City

Saint Cloud

County/Region

Stearns

MLS | Web ID

6498734

Features

General

Sewer City Sewer/Connected

Heating Boiler Radiant

Cooling Wall Unit(s)

Utilities Electric Separate Heating Common Hot Water Common

Roof Flat

Appliances Cooktop Exhaust Fan Microwave Refrigerator

Garage Spaces 21

Construction Materials Block Vinyl Siding

Year Built 1988

Tenant Pays Cable TV Electricity

Levels Three Or More

Property SubType Apartment

Tax Year 2023

Current Use Residential

Accessibility None

Additional Parcels Description 82447000000

County Stearns

Property Type Commercial Sale

Association Amenities Coin-op Laundry Owned

Contingency None

Subdivision Name Brott & Smiths Add

Directions 9th ave South left on 14th Street

City Saint Cloud

Buyer Agent Compensation 2.30

High School District St. Cloud

Zoning Description Residential-Multi-Family

Total Units 23

Street Name 14th

Land Lease Y/N N

Tax Annual Amount 25552

Additional Parcels Y/N Y

Days on Market 9

Standard Status Active

Lender Owned No

Amenities Unit Intercom System

Buyer Agent Compensation Type %

Interior

Basement None

Basement (Y/N) N

Street Suffix Street

Fuel Natural Gas

Exterior

Parking Features Attached Garage Asphalt Parking Lot Paved Tuckunder Garage

Water Source City Water/Connected

Inclusions Building Leases Rental License

Lot Size Area 0.48

Building Area Total 28560

Lot Dimensions 149x151

Lot Size Units Acres

Foundation Area 6164

Road Frontage Type City Street

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 520

* Excluded Features

List By

Premier Real Estate Services

Broker

Noel@premierhomesearch.com

Affordability Calculator

$16,798

Per Month

Monthly Principal & Interest: $14,669
Monthly Property Taxes: $2,129
Monthly Home Insurance: --

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Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Saint Cloud, MN

Average List Price ^$599,258

Percent of Sale Price 71%

About Saint Cloud, MN

69,438 Population

15% Since 2002

^$47,019 Median Income

32.74 Median Age

24% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

709352 Elementary School

709222 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/5/2024	$2,100,000		Listed Price

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520 & 524 14th Street S, Saint Cloud, MN, 56301 is a Commercial Property for sale at $2,100,000 with 28,560 sqft and a lot size of 0.48. 520 & 524 14th Street S is a studio with 0.0 baths and was built in 1988. The property's zip code is 56301 which is in Saint Cloud, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/30/2024.

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520 & 524 14th Street S

Commercial Property for sale in Saint Cloud, MN

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