For Sale: Saint Augusta MLS# 7106770
Active
NEW!
$549,900
Multi-family: Fourplex
8 br • 4 ba • Built 1960
3,074 sqft • 1.47 acres
St. Cloud schools
MLS# 7106770
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Property Description
Exceptional investment opportunity with this fully renovated fourplex situated on approximately 1.5 acres in a desirable single-family neighborhood. As the only multifamily property in the area, this unique offering provides strong appeal for both investors and tenants. Currently operating as successful mid-term furnished rentals, each of the four units features 2 bedrooms, 1 updated bathroom, approximately 750–775 finished square feet, and can be sold fully furnished at no additional cost. Extensive capital improvements include a newer roof, fascia, soffit, and gutters (approximately 4 years old), nearly all windows replaced within the last 4 years, updated flooring, trim, paint, light fixtures, bathroom vanities, and remodeled bathrooms with new toilets throughout. Tenants enjoy fiber optic internet, premium Schlage Encode Plus keyless entry locks, shared laundry with two coin-operated washers and two coin-operated dryers, a fenced dog area, and reverse osmosis water filtration through Culligan. The property also offers five garage stalls, including one oversized 1.5-stall garage, providing excellent storage and parking flexibility or the option to rent out for additional income. Whether you continue operating furnished mid-term rentals, convert to traditional long-term leases, or explore other income-producing opportunities, this turnkey property is ready to generate immediate cash flow.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$549,900
Price per sq ft:
$179
Property Type:
Multi-family
City:
Saint Augusta
Garage Spaces:
5
County:
Stearns
Year Built:
1960
State:
MN
Property Style:
Fourplex
Zip Code:
56301
Subdivision Name:
Meadowbrook Estates Two
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
3,074 ft2
Living Area:
3,074 ft2
Refrigerators:
Four
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
5
Garage Size:
1,200 ft2
Foundation Size:
1,537 ft2
Foundation Dimensions:
60x26
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Baseboard
Parking Features:
- Detached Garage
- Gravel
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
City Street
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
Shared Rooms:
Other
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
1.47
Geolocation:
45.4576559996, -94.2357919618
Lot Dimensions:
214*299
Zoning:
Residential-Multi-Family
Lot Description:
- Corner Lot
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
742
District Phone:
3202539333
Expenses
Annual Caretaker Expense:
$770
Annual Electric Expense:
$14,000
Annual Fuel Expense:
None
Annual Insurance Expense:
$6,200
Annual Maintenance Expense:
None
Annual Trash Expense:
$1,620
Annual Water/Sewer Expense:
None
Tenant Expenses:
Broadband, Cable TV
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$1,632
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$1,632
Income
Annual Gross Income:
$75,700
Misc. Annual Income:
$1,200
Misc. Monthly Income:
$100
Rent
Annual Net Income:
$38,700
Units
Total Units:
4
Miscellaneous
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
Tank with Drainage Field
Water System:
Well
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Keller Williams Classic Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.