***SOLD*** IVY APARTMENTS | 54 UNITS IN SAINT CLOUD, MN

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!