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Rosebrook Apartments 25-33 14th Ave NE 12 Unit Apartment Building $1,340,083 CAD ($111,674 CAD/Unit) 6.73% Cap Rate Saint Cloud, MN 56304
EXECUTIVE SUMMARY
EXP Commercial is pleased to announce the exclusive listing of the Rosebrook Apartments, a twelve-unit apartment
complex located in St. Cloud, MN. Just north of the Highway 10 and Highway 23 interchange, this property is close to
major traffic arteries as well as nearby grocery, restaurants, hotels, and a host of other retail stores. All units have a
patio or deck in the private fenced back yard. Recently appraised for list price, this property is listed at $80k per unit.
Less than a mile from the Mississippi River and Downtown St. Cloud the convenience of the location and size of the
units attract renters to this property. This low-rise building boasts three separate entrances, Ten two-bedroom units, and
Two one-bedroom units. Three garage stalls are also available to rent.
complex located in St. Cloud, MN. Just north of the Highway 10 and Highway 23 interchange, this property is close to
major traffic arteries as well as nearby grocery, restaurants, hotels, and a host of other retail stores. All units have a
patio or deck in the private fenced back yard. Recently appraised for list price, this property is listed at $80k per unit.
Less than a mile from the Mississippi River and Downtown St. Cloud the convenience of the location and size of the
units attract renters to this property. This low-rise building boasts three separate entrances, Ten two-bedroom units, and
Two one-bedroom units. Three garage stalls are also available to rent.
PROPERTY FACTS
| Price | $1,340,083 CAD | Building Class | C |
| Price Per Unit | $111,674 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 12,000 SF |
| Cap Rate | 6.73% | Average Occupancy | 100% |
| Gross Rent Multiplier | 8.68 | No. Stories | 2 |
| No. Units | 12 | Year Built/Renovated | 1945/1985 |
| Property Type | Multifamily | Parking Ratio | 1.5/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise |
| Price | $1,340,083 CAD |
| Price Per Unit | $111,674 CAD |
| Sale Type | Investment |
| Cap Rate | 6.73% |
| Gross Rent Multiplier | 8.68 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1945/1985 |
| Parking Ratio | 1.5/1,000 SF |
| Opportunity Zone |
Yes |
AMENITIES
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Security System
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $1,012 CAD | - |
| 2+1 | 10 | $1,096 CAD | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,229,108 CAD | |
| Land Assessment | $117,257 CAD | Total Assessment | $1,346,365 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$117,257 CAD
Improvements Assessment
$1,229,108 CAD
Total Assessment
$1,346,365 CAD
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Rosebrook Apartments | 25-33 14th Ave NE
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