***SOLD*** BLACK FOREST APARTMENTS | 12 UNITS IN SAUK RAPIDS, MN

CBC Orion Real Estate Advisors is pleased to offer for sale Black Forest Apartments in Sauk Rapids, MN. Great location with close proximity to downtown, parks, schools, and easy access to major thoroughfares of Highways 10 and Hwy 15. Location is approximately 60 miles from the Twin Cities.

Offering consists of (1) One - Three story apartment building totaling over 11,316 +/- square feet with Twelve (12) Apartment Units. Combination of brick and vinyl siding exterior with a new 30-year asphalt shingled roof. The building consists of Eleven - 2-bedroom units and One – 1-bedroom unit. Each unit layout consists of kitchen and dining areas, spacious living area, deck or walkout patio, hallway closet, and 1-bathroom. Units are nicely equipped with range/oven, fridge/freezer, dishwasher and wall AC unit. Additionally, there are coin operated laundry facilities on site. The building is currently professionally managed and fully occupied.

This well-maintained apartment building received significant capital improvements in 2022/2023 (approx. $65k invested), consisting of a new roof, new vinyl siding, and high efficiency water heater. Additionally, most of the units have been extensively updated/renovated over the years.

The city of Sauk Rapids has a population of 14,000 and is included in the Saint Cloud market consisting of over 100,000 people in a 5-mile radius. This offering represents an excellent opportunity to acquire a well-located, well-maintained and updated apartment property in a great rental market.

                                                              *** Offered For Sale at $988,784 ***

 *** Contact Scott Schmitt, CCIM for further details on this offering (320) 267-4576 ***