Property Listing
Description
Don't miss this exceptional income-producing property situated just a short walk from St. Cloud State University, Lake George, and downtown's restaurant scene. With strong curb appeal and 12 off-street parking spaces, this property checks the boxes investors and tenants both look for. This well-maintained fourplex offers a mix of updated, move-in-ready units alongside additional units with upside potential, allowing a new owner to add value and grow rents over time. The main level 3-bedroom unit has been fully renovated and features custom built-ins, luxury vinyl plank flooring throughout, an updated kitchen with new appliances, a spacious living room, an updated bathroom, and fresh paint throughout. The lower level 2-bedroom unit has also seen recent updates, including new luxury vinyl plank flooring, fresh paint and drywall, new flooring in one bedroom, and updated lighting fixtures. Rounding out the property are an upper level 1-bedroom unit and a main level 1-bedroom unit, both offering excellent opportunity for cosmetic improvements to boost rental income further. Building-wide improvements add peace of mind and reduce deferred maintenance, including a new furnace and ductwork servicing all units, a new water heater, and updated keypad entry systems on every unit. The basement includes a dedicated owner's storage room, additional tenant storage, and a shared coin-operated laundry room providing supplemental income. With its unbeatable location near campus, the lake, and downtown amenities, combined with a blend of updated units and value-add opportunities, this property is a must-see for any investor looking to expand their portfolio.
Property Information
Status: Active
Sub Type: ********
List Price: $400,000
MLS#: 7087061
Current Price: $400,000
Address: 704 8th Avenue S, Saint Cloud, MN 56301
City: Saint Cloud
State: MN
Postal Code: 56301
Geo Lat: 45.552484
Geo Lon: -94.158401
Subdivision: A A Browns Add
County: Stearns
Property Description
Year Built: 1940
Lot Size SqFt: 10890
Gen Tax: 3894
Specials Inst: 0
High School: St. Cloud
Square Ft. Source:
Above Grade Finished Area: 2708
Below Grade Finished Area: 1239
Below Grade Unfinished Area:
Total SqFt.: 4770
Style: Array
Total Bedrooms: 7
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
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