11 3rd Ave S 6 Unit Apartment Building $502,392 CAD ($83,732 CAD/Unit) 6.80% Cap Rate Sauk Rapids, MN 56379

This 6-unit multifamily property offers a solid investment with recent updates and long-term tenant appeal. There is a large 6'x25' covered side porch, fresh exterior paint on the soffit and fascia, and seamless gutters. All of the windows were updated in 2025 (except for 2 small lower level windows), and all window A/C units will stay. Each unit comes with kitchen appliances (excluding tenant-owned microwaves). Heating is provided by forced air furnaces, paired with gas water heaters. The building sits on a sturdy block foundation with cement board and wood siding, and the architectural roof shingles are approximately 11 years old. Tenants benefit from a shared 4'x10' storage area for lawn and snow equipment—two tenants have volunteered to help with upkeep of the yard in the spring, summer and fall. All tenants keep the sidewalks shoveled and salted in the winter. Landlords plow the private parking areas in the winter. Though there’s no garage, this property has been thoughtfully cared for and is ready for its next owner.