125 4 Ave St. Cloud, MN 56304

This well-maintained, 18-unit apartment building presents a compelling investment opportunity in St. Cloud, Minnesota. Located at 125 4th Ave NE, this property boasts a total of 14,643 square feet across two, three-story buildings situated on a 0.63-acre lot. The building, constructed in 1983 and zoned R5, features 17 one-bedroom units and one studio apartment. A four-stall detached garage provides convenient parking. The property benefits from a strong location within walking distance of local amenities and major employers. The asking price is $1,300,000, representing a price per unit of $72,222.22 and a price per square foot of $88.78. The property's pro-forma NOI is $79,961, yielding a 6.15% cap rate. Long-term, on-site management has ensured minimal deferred maintenance. Additional features include a coin-operated laundry facility. No pets have been allowed on the property during the current ownership. This property offers a stable income stream and significant potential for future growth. The property is conveniently located in Benton County, MN, zip code 56304.