Margaret Fernandez
Property Description
Exceptional investment opportunity offered as a package sale?two neighboring 4-plex buildings ideally located directly across from Herb Brooks National Hockey Center. This prime location is perfect for student housing with easy access to St. Cloud State University, downtown amenities, shopping, dining, and entertainment?all within walking distance. Conveniently situated on the bus line for added renter appeal.Each 4-plex features spacious 2-bedroom, 1-bath units, offering consistent rental demand and strong income potential. Tenants benefit from on-site coin-operated laundry, shared paved parking between the buildings, and a total of 6 off-street parking spaces per building.Property highlights include low-maintenance siding, updated windows, newer countertops, and electric heat with individual water heaters. Roofs were replaced approximately in 2010.A rare opportunity to acquire a well-located, income-producing multi-family package in a high-demand rental area?ideal for both seasoned investors and those looking to expand their portfolio.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Heating: Baseboard
Lot Size: 0.33 Acres
Roof Type: Architectural Shingle
Taxes: $4,482
Year Built: 1982
Feature Descriptions
Days on Site: 212
Foundation Size: 1872
Lot Dimensions: 110x132
Owners Expense: Common Area Maintenance, Exterior Maintenance, HVAC Maintenance, Insurance, Grounds Care, Repairs, Roof Maintenance, Sewer, Snow Removal, Taxes, Water
Parcel#: 82446790004
Parking: Parking Lot, Paved Lot
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Heat, Hot Water
Units: 4
Water: City Water/Connected
Local Schools
School District: St. Cloud
Listed By / Shown By
Listed By
Agency Name: Coldwell Banker Realty
Agency Phone: 320-253-7373
Shown By
Agent Name: Margaret Fernandez
Agent Phone: (763) 221-4841
Agency Title: Counselor Realty
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Estimated Payment
$ 2,225.59 per month $1,755.87 Principal & Interest $373.50 Property Tax $96.22 Homeowner's InsuranceChange Payment Information
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1340 5th Avenue S | MLS# 7036091
This multi-family property located at 1340 5th Avenue S, Saint Cloud, MN 56301 is currently listed for sale with an asking price of $329,900. 5th Avenue S is located within the St. Cloud school district. Search Saint Cloud real estate on mfernandez.counselorrealty.com today.