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$325,000

4 Beds 3 Baths 4,380 SQFT 0.11 Acres
Type: Commercial

418 E Saint Germain Street
Saint Cloud, MN 56304

MLS#: 7118099
Jordan Savageau
Jordan Savageau
The Real Estate Advantage
Agent
Phone: 651.983.4590
Office: 763.755.1100
Presented by: Oak Realty LLP

Property Description

 

Excellent Mixed-Use Investment Opportunity on East side of St. Cloud. Don't miss this outstanding mixed-use investment opportunity in St. Cloud. This income producing property features three separate units, including one retail/commercial space and two residential apartments. One apartment is currently operating as a successful Airbnb medium-term rental and will be conveyed fully furnished, providing a turnkey investment opportunity. All three units are currently tenant-occupied, generating strong, consistent cash flow. Each apartment includes its own dedicated laundry area for added tenant convenience. The current owner has completed numerous updates, including, new windows and exterior doors, complete renovation of the Airbnb apartment, new boiler for the front part of the building, new water heater for the rear apartment, updated light fixtures and newer appliances and additional improvements throughout. The property also offers private off-street parking alongside the building, adding value for both residential and commercial tenants. Whether you're looking to expand your investment portfolio or acquire a versatile, income-generating property, this mixed-use building is an exceptional opportunity.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths3

Other Interior Features

BasementFull, Unfinished
Basement (Y/N)Yes
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Description170014500
Additional Parcels Y/NYes
Amenities UnitHardwood Floors, Natural Woodwork
AppliancesMicrowave, Range, Refrigerator
Association AmenitiesNone
CitySaint Cloud
ContingencyNone
CoolingWindow Unit(s)
CountyBenton
Current UseCommercial, Residential
DirectionsHighway 10 to L on E St Germain Street to property
Electric Expense3684.14
Garage Spaces0
Gross Income42823.44
HeatingHot Water
High School DistrictSt. Cloud
Insurance Expense5094.48
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Lot Size UnitsAcres
Net Operating Income9093.65
New ConstructionNo
Number Of Units Total3
Operating Expense33729.79
OwnerPaysElectricity, Gas, Insurance, Taxes
Pool FeaturesNone
Possible UseRetail
PostalCitySaint Cloud
Property TypeCommercial Sale
RoofAge Over 8 Years, Flat
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameEast St Cloud
Tax Annual Amount$3,768
Tax Year2026
Tenant PaysCable TV, Electricity, Gas
Trash Expense666.36
UtilitiesElectric Common, Electric Separate, Heating Separate, Hot Water Common
Water Sewer Expense772.56
Year Built1887
Zoning DescriptionBusiness/Commercial, Residential-Multi-Family

Exterior

Building Area Total4,380 sqft
FencingNone
Foundation Area1,460 sqft
InclusionsBuilding
Lot Dimensions48 X 100
Lot FeaturesPublic Transit (w/in 6 blks), Zero Lot Line
Lot Size Area0 sqft
Parking FeaturesAsphalt, More Parking Onsite for Fee, Open
Road Frontage TypeCity Street, Paved Streets, Sidewalks
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Middle School N/A
Elementary School N/A

  

Similar Properties

$325,000

4 Beds 3 Baths 4,380 SQFT 0.11 Acres
Type: Commercial

418 E Saint Germain Street
Saint Cloud, MN 56304

MLS#: 7118099
Jordan Savageau
Jordan Savageau
The Real Estate Advantage
Agent
Phone: 651.983.4590
Office: 763.755.1100