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RIC Property Management, Inc. is the brokerage office representing the seller for this listing.
Copyright 2019, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Heartland Real Estate is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Heartland Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
Copyright 2019, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Heartland Real Estate is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Heartland Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
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{"Id":588281,"ORGTABLE":"RAW_Property","MLSCLASS":"COM","MLSNUMBER":"NST7112424","MLSAGENTID":"NST502246797","MLSOFFICEID":"NST11529","ADDRESS":"1416 6th Avenue S","ACRES":0.44,"AGENTOWNER":true,"AUCTIONYN":false,"BASEMENT":"Block,Partial","BATHSTOTAL":0.0,"BEDROOMS":4.0,"CITY":"Saint Cloud","CONTINGENCY":"None","COUNTY":"Stearns","CURRENTUSE":"Residential","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"FORECLOSURE":"No","LASTPRICE":2590000.0,"LASTPRICEDATE":"2026-07-20T16:31:07.547","LATITUDE":45.544382,"LENDEROWNED":"No","LISTDATE":"2026-07-20T05:00:00","LISTPRICE":2590000.0,"LIVINGAREA":35822.0,"LONGITUDE":-94.155539,"MODIFICATIONTIMESTAMP":"2026-07-20T16:31:07.548","OFFICE_OFFICENAME":"RIC Property Management, Inc.","PHOTOCOUNT":35,"POSTALCODE":"56301","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"Well-maintained 28-unit multifamily investment opportunity consisting of three apartment buildings in St. Cloud, Minnesota. The property offers strong in-place cash flow with a 9.1% in-place cap rate while boasting full occupancy. Ownership has completed extensive capital improvements including major boiler component upgrades, roof replacements (2010 and 2017), flooring, appliances, and common area improvements. Tenants pay separately metered electricity and internet while ownership pays gas, water/sewer, trash, and common utilities. On-site laundry, ample surface parking, and proximity to St. Cloud State University and downtown St. Cloud make this an attractive long-term investment opportunity.","ROADBETWEENWATERFRONTANDHOMEYN":false,"SALEINCLUDES":"Building","SCHOOLDISTRICTNUMBER":"742-St. Cloud","SCHOOLDISTRICTPHONE":"3202539333","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2026-07-20T16:31:07.547","LASTSTATUS":"Active","STREETDIRSUFFIX":"S","STREETNAME":"6th","STREETNUMBER":"1416","STREETSUFFIX":"Avenue","TRANSACTIONTYPE":"For Sale","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1988,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2026-07-20T16:00:13.766","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"0K5A6876.jpg\"},{\"Order\":2,\"Remarks\":\"0K5A6880.jpg\"},{\"Order\":3,\"Remarks\":\"0K5A6882.jpg\"},{\"Order\":4,\"Remarks\":\"0K5A6885.jpg\"},{\"Order\":5,\"Remarks\":\"0K5A6890.jpg\"},{\"Order\":6,\"Remarks\":\"0K5A6895.jpg\"},{\"Order\":7,\"Remarks\":\"0K5A6900.jpg\"},{\"Order\":8,\"Remarks\":\"0K5A6904.jpg\"},{\"Order\":9,\"Remarks\":\"0K5A6909.jpg\"},{\"Order\":10,\"Remarks\":\"0K5A6914.jpg\"},{\"Order\":11,\"Remarks\":\"0K5A6919.jpg\"},{\"Order\":12,\"Remarks\":\"0K5A6924.jpg\"},{\"Order\":13,\"Remarks\":\"0K5A6929.jpg\"},{\"Order\":14,\"Remarks\":\"0K5A6934.jpg\"},{\"Order\":15,\"Remarks\":\"0K5A6938.jpg\"},{\"Order\":16,\"Remarks\":\"0K5A6943.jpg\"},{\"Order\":17,\"Remarks\":\"0K5A6949.jpg\"},{\"Order\":18,\"Remarks\":\"0K5A6953.jpg\"},{\"Order\":19,\"Remarks\":\"0K5A6957.jpg\"},{\"Order\":20,\"Remarks\":\"0K5A6962.jpg\"},{\"Order\":21,\"Remarks\":\"0K5A6965.jpg\"},{\"Order\":22,\"Remarks\":\"0K5A6969.jpg\"},{\"Order\":23,\"Remarks\":\"0K5A6972.jpg\"},{\"Order\":24,\"Remarks\":\"0K5A6976.jpg\"},{\"Order\":25,\"Remarks\":\"0K5A6980.jpg\"},{\"Order\":26,\"Remarks\":\"0K5A6984.jpg\"},{\"Order\":27,\"Remarks\":\"0K5A6989.jpg\"},{\"Order\":28,\"Remarks\":\"0K5A6992.jpg\"},{\"Order\":29,\"Remarks\":\"0K5A6996.jpg\"},{\"Order\":30,\"Remarks\":\"0K5A7000.jpg\"},{\"Order\":31,\"Remarks\":\"0K5A7005.jpg\"},{\"Order\":32,\"Remarks\":\"0K5A7007.jpg\"},{\"Order\":33,\"Remarks\":\"0K5A7012.jpg\"},{\"Order\":34,\"Remarks\":\"0K5A7016.jpg\"},{\"Order\":35,\"Remarks\":\"0K5A7021.jpg\"}]","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35","SOURCE":"MG_NST"}
{"ListingKey":"NST7937136","AccessibilityFeatures":"Other","AdditionalParcelsYN":"False","NST_AgentOwner":"Yes","Appliances":"Dishwasher,Range,Refrigerator","LivingAreaUnits":"Square Feet","NST_AssessmentPending":"No","Basement":"Block,Partial","BasementYN":"True","BathroomsTotalInteger":"0","BedroomsTotal":"4","BuildingAreaTotal":"35822","CumulativeDaysOnMarket":"0","City":"Saint Cloud","NST_CommercialStyleType":"Apartments/Multi Family","NewConstructionYN":"False","Contingency":"None","NST_ForSaleOrLease":"For Sale","Cooling":"Window Unit(s)","CountyOrParish":"Stearns","CurrentUse":"Residential","Directions":"Call Broker to set up showing.","DocumentsCount":"3","DocumentsChangeTimestamp":"2026-07-20T16:31:07.548Z","DaysOnMarket":"0","ElectricExpense":"19148","ExteriorFeatures":"Stone,Metal","FoundationArea":"11940","FoundationDetails":"Block","NST_FractionalOwnershipYN":"No","NST_Fuel":"Natural Gas","GarageSpaces":"0","GrossIncome":"467000","Heating":"Boiler","HighSchoolDistrict":"St. Cloud","NST_ForeclosureStatus":"No","Inclusions":"Building","InsuranceExpense":"33170","InternetAddressDisplayYN":"True","InternetAutomatedValuationDisplayYN":"True","InternetConsumerCommentYN":"True","InternetEntireListingDisplayYN":"True","LandLeaseYN":"False","Latitude":"45.544382","NST_LenderOwned":"No","Levels":"Three Or More","ListPrice":"2590000","ListingContractDate":"2026-07-20T05:00:00Z","ListingId":"NST7112424","Longitude":"-94.155539","LotSizeArea":"0.44","LotSizeDimensions":"1.23 acres","LotSizeUnits":"Acres","MaintenanceExpense":"26470","NetOperatingIncome":"236619","NumberOfUnitsTotal":"28","OperatingExpense":"207031","OriginalEntryTimestamp":"2026-07-20T10:42:30Z","NST_OwnerOccupied":"No","OwnerPays":"Heat,Hot Water,Insurance,Grounds Care,Repairs,Management,Pest Control,Roof Maintenance,Security,Sewer,Snow Removal,Taxes,Water","ParcelNumber":"82447030001","ParkingFeatures":"Asphalt,Open","PhotosCount":"35","PhotosChangeTimestamp":"2026-07-20T16:00:13.766Z","PostalCity":"Saint Cloud","PostalCode":"56301","NST_PotentialShortSale":"No","NST_PresentUse":"Yearly","PropertyType":"Commercial Sale","PublicRemarks":"Well-maintained 28-unit multifamily investment opportunity consisting of three apartment buildings in St. Cloud, Minnesota. The property offers strong in-place cash flow with a 9.1% in-place cap rate while boasting full occupancy. Ownership has completed extensive capital improvements including major boiler component upgrades, roof replacements (2010 and 2017), flooring, appliances, and common area improvements. Tenants pay separately metered electricity and internet while ownership pays gas, water/sewer, trash, and common utilities. On-site laundry, ample surface parking, and proximity to St. Cloud State University and downtown St. Cloud make this an attractive long-term investment opportunity.","PublicSurveyRange":"28","PublicSurveySection":"13","PublicSurveyTownship":"124","NST_SchoolDistrictFullName":"742 - St. Cloud","NST_SchoolDistrictNumber":"742","NST_SchoolDistrictPhone":"3202539333","Sewer":"City Sewer/Connected","StandardStatus":"Active","StateOrProvince":"MN","StreetDirSuffix":"S","StreetName":"6th","StreetNumber":"1416","StreetNumberNumeric":"1416","StreetSuffix":"Avenue","SubdivisionName":"Brott & Smiths Add","TaxAnnualAmount":"12540","NST_TaxWithAssessments":"12540","TaxYear":"2025","TenantPays":"Cable TV,Electricity,Telephone","Township":"Saint Cloud","TrashExpense":"16782","Utilities":"Electric Separate,Heating Common","VideosCount":"0","WaterSewerExpense":"36408","WaterSource":"City Water/Connected","WaterfrontYN":"False","YearBuilt":"1988","ZoningDescription":"Residential-Multi-Family","ListAgentKey":"NST520048","ListAgentMlsId":"NST502246797","ListOfficeMlsId":"NST11529","ListOfficeName":"RIC Property Management, 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Box 152 Pine River, MN 56474
Doug Zaske, Owner/Broker
Office: 218.587.4424
Cell: 218.820.8688