Property Details
Price:
Property Type Multifamily
Number of Units: 20
County: Stearns
Description
Michel Commercial is pleased to present 1010-1020 6th Ave S Apartments, a 20-home community in St. Cloud, Minnesota. Comprised of two well-maintained buildings. Extensive 2024–2025 capital
improvements have been completed, including new roofs, siding,
exterior doors, asphalt, striped parking lot, and retaining wall —
positioning the asset for long-term, low-capex ownership.
Location
1010-1020 6th Ave S is situated in a well-established St. Cloud neighborhood near Downtown, providing residents with convenient access to shopping, dining, entertainment, healthcare, and educational opportunities. Its central location places residents near many of the city's most desirable amenities while benefiting from the stability and accessibility of one of St. Cloud's established residential areas.
Highlights
New Roofs – 2024
New Siding – 2024
New Asphalt Driveway w/ Striped Parking – 2025
New Retaining Wall – 2025
Exterior Doors Replaced – 2025
Windows (Vinyl Sliders) – 2009
Hot Water Heaters – 2013
Assumable Financing
Fannie Mae Assumable Mortgage
4.59% fixed rate • Good through June 2029
A rare opportunity to acquire a well-maintained multifamily asset with significant recent capital improvements and below-market assumable debt.
