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Campus Ridge 1120 9th Ave S 15 Unit Apartment Building $1,795,000 ($119,667/Unit) 6.86% Cap Rate Saint Cloud, MN 56301
INVESTMENT HIGHLIGHTS
- newly remodeled
EXECUTIVE SUMMARY
This fully renovated multi-family apartment complex in St. Cloud offers a rare opportunity to own a stabilized, professionally managed investment property with modern finishes and low owner responsibility. The building consists of 15 total units, including three (3) 2-bedroom, 2-bath units and twelve (12) 4-bedroom, 1-bath units, providing a strong and flexible unit mix.
The property underwent a complete rehabilitation in 2023, featuring updated common hallways, new luxury vinyl plank and laminate flooring throughout the entire building, and tiled showers in all units. On-site laundry adds convenience for tenants and supports retention.
All units are leased and professionally managed, offering immediate income and organized operations. Owners cover virtually no utilities, as costs are passed through via reimbursements, helping maintain strong cash flow and predictable expenses. This turn-key St. Cloud investment is ideal for buyers seeking stable income, minimal deferred maintenance, and long-term value.
The property underwent a complete rehabilitation in 2023, featuring updated common hallways, new luxury vinyl plank and laminate flooring throughout the entire building, and tiled showers in all units. On-site laundry adds convenience for tenants and supports retention.
All units are leased and professionally managed, offering immediate income and organized operations. Owners cover virtually no utilities, as costs are passed through via reimbursements, helping maintain strong cash flow and predictable expenses. This turn-key St. Cloud investment is ideal for buyers seeking stable income, minimal deferred maintenance, and long-term value.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,795,000 | Building Class | C |
| Price Per Unit | $119,667 | Lot Size | 0.64 AC |
| Sale Type | Investment | Building Size | 7,106 SF |
| Cap Rate | 6.86% | Average Occupancy | 95% |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1988/2023 |
| Property Subtype | Apartment | Parking Ratio | 4.5/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R3 | ||
| Price | $1,795,000 |
| Price Per Unit | $119,667 |
| Sale Type | Investment |
| Cap Rate | 6.86% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 7,106 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1988/2023 |
| Parking Ratio | 4.5/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Microwave
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Dining Room
- Vinyl Flooring
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 3 | - | 900 |
| 4+1 | 12 | - | 1,200 |
PROPERTY TAXES
| Parcel Number | 82.48811.0000 | Improvements Assessment | $1,242,000 |
| Land Assessment | $115,000 | Total Assessment | $1,357,000 |
PROPERTY TAXES
Parcel Number
82.48811.0000
Land Assessment
$115,000
Improvements Assessment
$1,242,000
Total Assessment
$1,357,000
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Campus Ridge | 1120 9th Ave S
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