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$1,008,000

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1317 13th Street Circle Sauk Rapids, MN 56379

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Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID 6621535

Year Built 1984

Annual Tax Amount $11,756

Tax Year 2024

Contingent None

Lot Dimensions 100 x 113

Property Sub-Type Apartment

Property Description

Situated in a quiet Sauk Rapids neighborhood, Black Forest Apartments offers a turn-key, 12-unit investment opportunity. The three-story building, totaling over 11,316 +/- square feet, has undergone significant improvements, including new cedar tone treated pine decks (2024), SpeedQueen coin-operated washing machines (2024), stainless steel appliances in various units (2024), along with LVP flooring and fresh paint. These upgrades build on capital improvements made in 2022/2023, including a new 30-year roof, new vinyl siding, and a new high-efficiency water heater. The building consists of 12 total units, with 11 two-bedroom units and 1 one-bedroom unit, featuring decks and walkouts, spacious kitchens with dining areas, hallway closets, large living rooms, and 1 full bathroom. Units are nicely equipped with a range/oven, fridge/freezer, dishwasher, and wall AC unit. There's strong upside potential to increase rents to market rates, making this an attractive investment to further boost NOI. Located in an area with strong tenant demand, low vacancy and a long-term tenant base. The property also provides easy access to parks, schools, and Highways 10 and 15. The proximity to St. Cloud offers tenants the convenience of city amenities along with peaceful, residential living.

Location

State MN

County Benton

Zoning Business/Commercial

Interior

Heating Baseboard, Boiler

Cooling Wall Unit(s)

Inclusions Building

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electric Common, Electric Separate, Heating Common, Hot Water Common

Roof Type Age 8 Years or Less

Present Use Commercial

Building

Story Three Or More

Foundation 3700

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

Structure Type Brick/Stone,Vinyl Siding

Schools

School District Sauk Rapids-Rice

Listed by Dan Frank • RE/MAX Advantage Plus

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Team Steady

+1(952) 607-7436

1317 13th Street Circle Sauk Rapids, MN 56379

Team Steady

Key Details

Location

Interior

Exterior

Building

Schools

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1317 13th Street Circle