MLS#7092664
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONTown Of Sauk Rapids
SCHOOLSauk Rapids-Rice
Property Description
Village View Apartments is a perfectly located multi-family asset with 21-units, one block off the main-street in downtown Sauk Rapids, Minnesota. This value-add opportunity in the Saint Cloud metro area sits on a full block with 0.92 acres and consists of a 12-unit, an 8-unit and a single-family home. The unit mix on the apartments is 17 two bedroom and 3 one bedroom all with one bathroom. Professionally managed by Granite City Real Estate Partners. They would entertain staying on with a new owner for management making this a very smooth transition. The apartment buildings are all brick exterior and include twelve detached garages. All the pitched gable roofs were replaced in 2020.Apartments were constructed in 1965 and the sale includes a one and a half story single family home with three bedrooms and two bathrooms. These are very well-maintained properties and feature a mix of one and two-bedroom units all with one bathroom, providing a variety of options for potential renters. Additionally, the property includes a spacious parking lot with additional off-street separate parking spaces, ensuring that tenants have ample space to park their vehicles.The exterior of the property is well-maintained and features a classic brick façade and newer vinyl windows, while the interior of the units are spacious and have updated appliances. The property is conveniently located near major highways and the downtown Sauk Rapids and Saint Cloud areas, making it easy for tenants to enjoy all the amenities both cities have to offer.Investors looking for a value-add opportunity with strong cash flow potential will appreciate the low maintenance costs and high rental demand in the area. Don't miss out on this rare opportunity to own a property that is super clean and well maintained and also in a non-rent controlled city of Minnesota!
Property Features
Property Type: Commercial - Business
Cooling: Wall Unit(s)
Fuel Type: Electric, Natural Gas
Garage: 14
Heating: Baseboard, Boiler, Hot Water
Lot Size: 0.92 Acres
Roof Type: Age 8 Years or Less, Asphalt, Pitched
Stories: 3.0
Taxes: $24,464
Year Built: 1965
Feature Descriptions
Appliances: Range, Refrigerator
Current Use: Residential
Exterior: Brick, Frame
Foundation Size: 6250
Lot: Corner Lot, Tree Coverage - Medium
Lot Dimensions: 132 x 300
Owners Expense: Gas, Hot Water, Grounds Care, Repairs, Sewer, Taxes, Trash Collection, Water
Parcel#: 190029500
Parking: Attached Garage, Detached Garage
Road Frontage: City Street, Paved Streets
Sale Includes: Building, Land, Leases, Rental License
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity
Units: 21
Utilities: Electric Separate, Heating Common, Hot Water Common
Water: City Water/Connected
Local Schools
School District: Sauk Rapids-Rice
Listed By / Shown By
Listed By
Agency Name: Apartment Cash Flow, Inc.
Agency Phone: 651-263-3653
Shown By
Agent Name: Joel Hentges
Agent Phone: (952) 475-9541
Agency Title: Joel Hentges - Re/Max Advantage Plus
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117 3rd Avenue S | MLS# 7092664
This commercial property located at 117 3rd Avenue S, Sauk Rapids, MN 56379 is currently listed for sale with an asking price of $1,549,900. 3rd Avenue S is located within the Sauk Rapids-Rice school district. Search Sauk Rapids real estate on jhentges.homesbyjoel.com today.