SALE PENDING | APARTMENTS BY LAKE GEORGE
12 Unit Apartment Building | $1,033,879 ($86,157/Unit) | Saint Cloud, MN 56301
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,033,879
- Property Type
-
Multifamily
- Square Feet
- 9,216 SF
Listing Contacts
Scott M. Schmitt, CCIM
Verified Profile
- Property Info
Property Overview
CBC Orion Real Estate Advisors is pleased to offer For Sale - Apartments by Lake George, a 12-unit apartment building conveniently located in Saint Cloud. Very walkable/bikeable location in close proximity to Lake George, City Hall, Restaurants, Parks, Walking Trails, and Downtown. Location is approximately 60 miles from the Twin Cities.
Offering consists of one - Three story brick and vinyl siding building totaling 9,216 +/- square feet with Twelve (12) Apartment Units, and one 1,584 SF garage building with six garage stalls. Unit mix consists of all 2-bedroom 1 bath units with kitchen, dining, and spacious living area. Units are nicely equipped with range/oven, fridge/freezer, dishwasher and wall AC unit. Additionally, there are two sets of coin operated laundry machines on site. This well-maintained building is professionally managed and is fully occupied.
Apartments by Lake George was completely renovated in 2006, with improvements consisting of new windows, vinyl siding, unit renovations, high efficiency boiler and more. Additionally, most units have been substantially updated over the years. There was a new commercial water heater installed 2020.
The city of Saint Cloud has a population of over 70,000 and the market has over 100,000 people in 5-mile radius. This offering represents an excellent opportunity to acquire a well-located, well-maintained apartment property with stabilized rent roll.
*** Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for further details on this offering (320) 267-4576 ***
Offering consists of one - Three story brick and vinyl siding building totaling 9,216 +/- square feet with Twelve (12) Apartment Units, and one 1,584 SF garage building with six garage stalls. Unit mix consists of all 2-bedroom 1 bath units with kitchen, dining, and spacious living area. Units are nicely equipped with range/oven, fridge/freezer, dishwasher and wall AC unit. Additionally, there are two sets of coin operated laundry machines on site. This well-maintained building is professionally managed and is fully occupied.
Apartments by Lake George was completely renovated in 2006, with improvements consisting of new windows, vinyl siding, unit renovations, high efficiency boiler and more. Additionally, most units have been substantially updated over the years. There was a new commercial water heater installed 2020.
The city of Saint Cloud has a population of over 70,000 and the market has over 100,000 people in 5-mile radius. This offering represents an excellent opportunity to acquire a well-located, well-maintained apartment property with stabilized rent roll.
*** Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for further details on this offering (320) 267-4576 ***
Property Details
- Class
- C
- Year Built/Renovated
- 1965/2022
- Stories
- 3
- Lot Size (sq. ft)
- 23,522 SF
- Units
- 12
Highlights
- Great Location Near Lake George, City Hall, Restaurants, Parks, Walking Trails, and Downtown
- 100% Occupied Building - Professionally Managed
- Well Maintained Property with Many Updates
- 12 – 2 Bedroom 1 Bath Units | 6 Garage Stalls
- Excellent 1031 Exchange Replacement
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