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Cloudhaven Apartments 1416 6th Ave S. 1416 6th Ave S 28 Unit Apartment Building $3,643,431 CAD ($130,123 CAD/Unit) 9.10% Cap Rate Saint Cloud, MN 56301
Investment Highlights
- 28-unit portfolio across three adjacent buildings
- Constructed 1987–1988
- Opportunity to increase NOI through strategic rent adjustments and expense optimization
- 35,822 SF of rentable area
- Professionally maintained capital improvements
- Well-positioned for investors seeking a stabilized workforce housing asset
Executive Summary
Cloud Haven Apartments presents an opportunity to acquire a well-maintained, three-building multifamily portfolio totaling 28 units in the heart of St. Cloud, Minnesota. Built between 1987 and 1988, the property offers a desirable unit mix with stable in-place occupancy and meaningful upside through continued operational efficiencies and rental growth.
The portfolio benefits from a strong neighborhood location near St. Cloud State University, major employers, shopping, dining, and regional transportation corridors. Residents enjoy convenient access to everyday amenities while investors benefit from the area's consistent rental demand.
The portfolio benefits from a strong neighborhood location near St. Cloud State University, major employers, shopping, dining, and regional transportation corridors. Residents enjoy convenient access to everyday amenities while investors benefit from the area's consistent rental demand.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $3,643,431 CAD | Building Class | C |
| Price Per Unit | $130,123 CAD | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 35,822 SF |
| Cap Rate | 9.10% | Average Occupancy | 100% |
| No. Units | 28 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1988/2014 |
| Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C - Commercial | ||
| Price | $3,643,431 CAD |
| Price Per Unit | $130,123 CAD |
| Sale Type | Investment |
| Cap Rate | 9.10% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 35,822 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1988/2014 |
| Parking Ratio | 1.45/1,000 SF |
| Zoning | C - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- High Speed Internet Access
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Controlled Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 28 | - | 1,400 |
1 1
Fairly walkable
50/100
Moderately drivable
60/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,170,770 CAD | |
| Land Assessment | $295,413 CAD | Total Assessment | $3,466,183 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$295,413 CAD
Improvements Assessment
$3,170,770 CAD
Total Assessment
$3,466,183 CAD
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Cloudhaven Apartments 1416 6th Ave S. | 1416 6th Ave S
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