FOR SALE | APARTMENTS BY LAKE GEORGE | 12 UNIT APARTMENT BUILDING

CBC Orion Real Estate Advisors is pleased to offer For Sale - Apartments by Lake George, a 12-unit apartment building conveniently located in Saint Cloud. Very Walkable/Bikeable location within walking distance to Lake George, City Hall, Restaurants, Downtown, Walking Trails and Parks. Location is approximately 60 miles from the Twin Cities.

Offering consists of One - Three story brick with vinyl siding apartment building totaling 9,216 +/- square feet with Twelve (12) Apartment Units, and one 1,584 SF garage building with six garage stalls. Unit mix consists of all 2-bedroom 1 bath units with kitchen, dining, and spacious living area. Units are nicely equipped with range/oven, fridge/freezer, dishwasher and wall AC unit. Additionally, there are owned coin operated laundry machines on site. This well-maintained building is professionally managed and is fully occupied.
Apartments by Lake George was completely renovated in 2006, with improvements consisting of new windows, vinyl siding, unit renovations, high efficiency boiler and more. Additionally, most units have been updated over the years. There was a new commercial water heater installed in fall of 2020.

The city of Saint Cloud has a population of over 70,000 and the market has over 100,000 people in 5-mile radius. This offering represents an excellent opportunity to acquire a well-located, well-maintained apartment property with stabilized rent roll.

*** Contact Scott Schmitt, CCIM with CBC Orion Real Estate Advisors for further details on this offering (320) 267-4576 ***

• Fully Occupied Building
• Well Maintained Property with Many Updates
• Great Location Near Walking Trails, Lake George, and Downtown
• 12 – 2 Bedroom Units | 6 Garage Stalls
• 9,216 SF Building on 16,632 Land Parcel
• Nice Corner Lot

Location: 
Saint Cloud, MN
Address: 
915 7TH Street South
County: 
Stearns
Parcel #: 
Zoning: 
R5
Size of Building: 
9216 SF
Age: 
Year Built: 1965
# of Units: 
12
Unit Description: 
2 Bedroom, 1 Bathroom
# of Garages: 
6
CAP Rate: 
6.65%