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For Sale:  Saint Cloud MLS# 7001795

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Active NEW!
$233,000
/mo Edit
Multi-family:  Triplex
7 br • 3 ba • Built 1890
2,618 sqft • 0.17 acres
MLS# 7001795
763-576-8286
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    Property Description

    Welcome to 1027 6th Ave S — a potential cash-flowing beast in the heart of Saint Cloud University. This strategically located up/down triplex offers an exceptional investment opportunity featuring two 2-bed/1-bath units and one spacious 3-bed/1-bath unit, a highly desirable unit mix that consistently attracts both student and professional tenants. Positioned just minutes from campus, downtown, public transportation, dining, and everyday conveniences, this property benefits from strong rental demand, reliable occupancy, and excellent long-term appreciation. Whether you’re a seasoned investor or entering the multifamily space for the first time, this asset provides the foundation for stable income today with room to increase returns tomorrow — all in one of St. Cloud’s most proven rental corridors.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $233,000
    Price per sq ft: $89
    Property Type: Multi-family
    City: Saint Cloud
    Garage Spaces: 0
    County: Stearns
    Year Built: 1890
    State: MN
    Property Style: Triplex
    Zip Code: 56301

    Interior

    Bedrooms: 7
    Bathrooms: 3
    Finished Area: 2,618 ft2
    Living Area: 2,618 ft2
    Refrigerators: One Per Unit
    Basement Details:
    • Daylight/Lookout Windows
    • Egress Window(s)
    • Finished
    • Full
    • Single Tenant Access

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 941 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    • Hot Water
    Parking Features: Carport
    Shared Amenities: Coin-op Laundry Owned
    Road Frontage:
    • City Street
    • Sidewalks
    Exterior Material: Concrete
    Pool: None
    Roof Details:
    • Age Over 8 Years
    • Asphalt

    Rooms

    Laundry:
    • Common Area
    • Electric Dryer Hookup
    • Laundry Room
    • Main Level
    • Washer Hookup

    Lot & Land

    Acres: 0.17
    Geolocation: 45.548446, -94.15637
    Lot Dimensions: 132 x 55
    Zoning:
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Farm

    Topography: High Ground

    Schools

    School District: 2249
    District Phone: 3202539333

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: $120,000
    Annual Fuel Expense: $1,500
    Annual Insurance Expense: None
    Annual Maintenance Expense: $1,500
    Annual Trash Expense: $1,200
    Annual Water/Sewer Expense: $900
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $1,660
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $1,660

    Income

    Annual Gross Income: $4,800

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Meta Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.