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- LoopNet Team
311 7th St S
Waite Park, MN 56387
Herbshire Apartments · Multifamily Property For Sale
·
48 Units
Investment Highlights
- 20 tenants have been there longer than 5 years
- New garage roof in 2016
- 42 of 48 units have been updated
Property Facts
| No. Units | 48 | Building Size | 22,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1977 |
| Building Class | C | Parking Ratio | 2.94/1,000 SF |
| Lot Size | 1.07 AC | ||
| Zoning | Residential | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.07 AC |
| Building Size | 22,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1977 |
| Parking Ratio | 2.94/1,000 SF |
| Zoning | Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Storage Space
- Heating
- Kitchen
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Walk-Up
About 311 7TH ST S , WAITE PARK, MN 56387
The Herbshire Apartments are located in Waite Park and within the County of Stearns. Waite Park is a western suburb of Saint Cloud and is the main retail hub of the city, anchored by Crossroads Mall which is approximately one mile north of the subject property. The high retail density near the subject property provides tenants with a vast amount of employment opportunities within walking distance even during the winter months. The City of Waite Park includes two major thoroughfares, Hwy 23 and CR 75, which connect I94 to the west and HWY 10 to the east. HWY 23 is less than 1 mile north of the property and features retailers such as Menards, Home Depot, Dollar Tree, Dicks Sporting Goods, Hobby Lobby, ALDI, Starbucks, Fresh Thyme and Kohl’s, as well as many others.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 16 | - | 617 |
| 2+1 | 24 | - | 745 |
| 2+1 | 8 | - | 820 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $4,499,200 | |
| Land Assessment | $1,136,200 | Total Assessment | $5,635,400 |
Property Taxes
