307 13th Street North

Highlights:

• Sewer: City
• Water: City Water

Description:

• Fully Occupied Building
• Well Maintained Property
• Many Recent Updates Including New Roof, New Boiler, New Sidewalks (2022-2025)
• Most Units Have Been Updated
• Great Location Near Downtown, Parks, Schools, Major Thoroughfares
• Units Separately Metered for Electric (tenants pay electric)
• 11 – 2 Bedroom Units | 1 – 1 Bedroom Unit
• 11,316 +/- SF Building on 23,156 SF Land Parcel
• Excellent 1031 Exchange Replacement

CBC Orion Real Estate Advisors is pleased to offer For Sale – North Country Apartments located in the vibrant community of Sauk Rapids, MN. Great location across from Good Shepherd Community and in close proximity to downtown, parks, schools, and easy access to major thoroughfares of Highway 10 & Hwy 15. Location is approximately 60 miles from the Twin Cities.

Offering consists of One (1) - Three story apartment building totaling approximately 11,316 +/- square feet with Twelve (12) Apartment Units, and a Six (6) stall garage building on a ½ acre corner lot. Combination of brick and wood exterior with an asphalt shingled roof. The building consists of Eleven - 2-bedroom units and One – 1-bedroom unit. Each unit is efficiently laid out and consists of kitchen and dining areas, spacious living area, large deck or walkout patio, hallway closet, and 1-bathroom. Units are nicely equipped with range/oven, fridge/freezer, 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 2022-2025, consisting of a new roof, new boiler, and new sidewalks. 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. North Country Apartments represents an excellent opportunity to acquire a stabilized well-located, well-maintained and updated apartment property in a great rental market. *** Offered For Sale at $1,040,000 *** *** Contact Scott Schmitt, CCIM at CBC Orion Real Estate Advisors for further details on this offering (320) 267-4576 ***