CBC Orion Real Estate Advisors is pleased to offer for sale IVY Apartments in Saint Cloud, MN. Great location with close proximity to downtown, parks, schools, and easy access to Interstate 94 and other major thoroughfares. Location is approximately 60 miles from the Twin Cities.

Offering consists of (3) Three - 3 story apartment building totaling approx. 70,000 +/- square feet with Fifty-Four (54) Apartment Units, and 1 Garage/Maintenance Building. Attractive brick and vinyl siding exterior with new 30-year asphalt shingled roofs. The buildings consist of 53 - 4 Bedroom Units and 1 – 2 Bedroom Unit. Unit layout consists of kitchen and dining areas, spacious living area, large closet, dual sink vanities and 1-1.5 bathrooms. Units are nicely equipped with range/oven, fridge/freezer, and dishwashers. Additionally, there are laundry facilities on site.
These nicely updated apartment buildings have received significant capital improvements in 2023 (approx. $300K invested), consisting of new roofs (all buildings), parking lot upgrades, new intercom systems, and all new common area painting (to be completed September 2023).

The city of Saint Cloud has a population of approx. 70,000 and a MSA of over 200,000. This offering represents an excellent opportunity to acquire a well-located, nicely updated apartment property in a great rental market. Additionally, the property is being offered with a Six-Month Rental Income Guarantee!

Saint Cloud, Mn
More details: 

*** Offered For Sale at $3,995,000 ***

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

Special Features: 

• Many Recent Updates Including New Roofs (2023), Parking Lot Upgrades, Painting All
Common Areas – All Buildings, New Intercom Systems (to be completed September 2023)
• Great Location Near Downtown, Parks, Schools, etc.
• Close proximity to Interstate 94 and Other Major Thoroughfares
• Units Separately Metered for Electric (tenants pay electric)
• Multi Cameral Surveillance System In All Buildings
• 54 Total Units | 53 Spacious 4 Bedroom Units (1,100 +/- SF) & 1 – 2 Bedroom Unit
• 164 Parking Spaces
• 69,000 +/- SF Building on 2.81 Acre Land Parcel
• Property is Being Offered with a Six (6) Month Rental Income Guarantee!
• Excellent 1031 Exchange Replacement

1510 9TH AVE S
Land Area: 
2.81 Acres
Size of Building: 
70,000 +/- SF
Type of Construction: 
Wood Framed | Brick & Vinyl Exterior
# of Units: 
Unit Description: 
53 - 4 Bedroom Units | 1 – 2 Bedroom Unit
162 Stalls
Security System: