1. Minnesota
  2. Sauk Rapids
  3. 107 3rd Avenue S
$1,650,000/mo

107 3rd Avenue S, Sauk Rapids, MN 56379

  • 18,773 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon0.92acre lot
  • Property Parking Icon 12 car garage
  • Property Price Per Square Feet Icon $88/sqft
  • Property List Date Icon Listed 23 days ago

Property Description

Village View Apartments were well built in the mid 1960's with brick walls and gabled, asphalt shingle roofs. The 21 units are composed of an 8 unit building (117 3rd Ave S), a 12 unit building (107 3rd Ave S) and the house next door (210 1st St). The apartment buildings and house on .92 acre, half block and share an alley with US Bank and an office building. The property is just around the corner from Coborn's Grocery and the bus line. The apartments are good size, comfortable, with good natural light, full bath, eat in kitchen, and large living room and are well located - making them easy to rent. Since 2017, the buildings have been consistently maintained - new roof in 2020, bath floor & closet updates, kitchen repairs, tuck point repair 2023, etc... Current rents are below market and offer the new owner the opportunity to increase cash flow. (See pictures for rent roll and proforma).

Listing Status:
Active
Listing Office:
Bloom Commercial Real Estate : 651-207-3157
MLS ID:
6772661
  • A/C: Wall Unit(s)
  • Heating: Boiler

This listing courtesy of Bloom Commercial Real Estate

Location

Schools Nearby

M

Mississippi Heights Elementary

1003 4th St S, Sauk Rapids, MN, 56379

Grades KG-5

0.65 miles away

S

Sauk Rapids-Rice Middle School

901 1st St S, Sauk Rapids, MN, 56379

Grades 6-8

0.51 miles away

S

Sauk Rapids-Rice High School

1835 Osauka Rd, Sauk Rapids, MN, 56379

Grades 9-12

2.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.