Multi-Family Investment Opportunity | CLOSED

CBC Orion is pleased to offer for sale East Germain Court Apartments, conveniently located near the interchange of Hwy 10 and Hwy 23 in Saint Cloud. Close proximity to schools, shopping, and numerous restaurants. Location is approximately 60 miles from the Twin Cities. Offering consists of (1) One - Three story building totaling 34,509 square feet with Twenty-Five (25) Apartment Units and a 13-stall garage building.

Apartment building consists of mostly large 2 Bedroom units, featuring in unit washer and dryers, private decks/patio, spacious kitchen and dining areas and ample closet space (including walk in closets), and much more. Units are nicely equipped with range/oven, fridge/freezer, dishwasher, microwave, and wall AC unit(s).

This like new apartment building (2013 YOC) is professionally managed and has had an excellent rental history. All units are currently occupied. Building features/amenities including but not limited to; secured entry, surveillance cameras, fully sprinkled, elevator, fitness room, large managers office, spacious entry/lobby area, storage rooms for tenants, nicely landscaped grounds, composite decks, and much more. Additionally, there are coin operated laundry machines and vending on site (on 1st floor). Building is heated with high efficiency gas boilers and has high efficiency gas water heaters.

The city of Saint Cloud has a population of 65,000 and the market has over 100,000 people in 5-mile radius. This offering represents an excellent opportunity to acquire this well-located newer apartment property with stabilized rent roll.

Special Features: 
  • Newer Building – Excellent Condition (2013 Year of Construction)
  • 20 – 2 Bedroom Units – 3 – 3 Bedroom Units – 2 – 1 Bedroom Units
  • 13 Stall Garage Building (1 stall used for owner maintenance purposes)
  • Great Location Near Shopping, Schools, Restaurants, Major Thoroughfares
  • 100% Occupied Building
  • Excellent 1031 Exchange Opportunity
  • Fitness Room
  • Large Managers Office
  • Elevator
  • Fully Sprinklered
  • Extra Wide Hallways
  • Nicely Landscaped
  • High Efficiency Gas Boilers and Water Heaters
  • Extra Storage Units Available for Tenants
$3,000,000 | SOLD