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314 County Rd 8 8 Unit Apartment Building $1,372,843 CAD ($171,605 CAD/Unit) Rockville, MN 56369
Investment Highlights
- Strong rental history with minimal vacancies
- Quiet setting with park frontage
- 6 garage stalls plus blacktop parking lot
- Two 1970 brick buildings
Executive Summary
Turn-key, 100% occupied 16-unit apartment property generating approximately $140,000 in annual gross income, offering immediate cash flow with built-in upside. Located on the edge of town with a park across the street and surrounded by farmland, yet just minutes from Cold Spring, I-94, and the St. Cloud metro. The property consists of two solid brick buildings with a long history of low vacancies, recent capital improvements, and clear rent growth potential—making this a rare, stable investment opportunity.
Property Facts
| Price | $1,372,843 CAD | Building Class | C |
| Price Per Unit | $171,605 CAD | Lot Size | 1.30 AC |
| Sale Type | Investment | Building Size | 3,087 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 2.63/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | Residential | ||
| Price | $1,372,843 CAD |
| Price Per Unit | $171,605 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 3,087 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 2.63/1,000 SF |
| Zoning | Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 76.41633.0800 | Improvements Assessment | $1,153,578 CAD |
| Land Assessment | $203,476 CAD | Total Assessment | $1,357,053 CAD |
Property Taxes
Parcel Number
76.41633.0800
Land Assessment
$203,476 CAD
Improvements Assessment
$1,153,578 CAD
Total Assessment
$1,357,053 CAD
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314 County Rd 8
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