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1416 6th Ave S
Saint Cloud, MN 56301
Cloudhaven Apartments 1416 6th Ave S. · Multifamily Property For Sale
·
28 Units
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.
Property Facts
| Price Per Unit | $9,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.00 AC |
| Cap Rate | 9.14% | Building Size | 35,822 SF |
| No. Units | 28 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1988/2014 |
| Apartment Style | Low-Rise | Parking Ratio | 1.45/1,000 SF |
| Zoning | C - Commercial | ||
| Price Per Unit | $9,250 |
| Sale Type | Investment |
| Cap Rate | 9.14% |
| 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 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,254,000 | |
| Land Assessment | $210,000 | Total Assessment | $2,464,000 |
Property Taxes
Parcel Numbers
Land Assessment
$210,000
Improvements Assessment
$2,254,000
Total Assessment
$2,464,000
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