For Sale: Saint Cloud MLS# 7164086
Active
NEW!
$325,000
Multi-family: Duplex Other
6 br • 3 ba • Built 1943
1,945 sqft • 0.458 acres
St. Cloud schools
MLS# 7164086
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Property Description
RARE INVESTMENT OPPORTUNITY – TWO HOMES ON ONE PARCEL!
Discover the potential of this unique investment property located at 529 2nd Street SE in St. Cloud! Featuring two separate residences on one parcel, this property offers an excellent opportunity for investors looking to expand their rental portfolio, generate multiple income streams, or explore flexible living arrangements.
The larger home features 4 bedrooms and 2 bathrooms, while the second residence offers 2 bedrooms and 1 bathroom. Both homes are currently vacant, allowing new ownership the flexibility to select tenants, establish rental terms, and begin generating income without existing lease obligations.
Recent improvements include a new egress window, several additional replacement windows, multiple new doors, a new garage door, and new carpeting in the bedroom and living room. A radon mitigation system is also in place.
With a combined historical rental income of $3, 150 per month ($37, 800 annually), this property offers attractive income potential at a listing price of $325, 000. Conveniently located near shopping, dining, and other St. Cloud amenities.
Two homes, one parcel, and endless possibilities for your next investment!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$325,000
Price per sq ft:
$167
Property Type:
Multi-family
City:
Saint Cloud
Garage Spaces:
2
County:
Benton
Year Built:
1943
State:
MN
Property Style:
Duplex Other
Zip Code:
56304
Subdivision Name:
Auditors 1916 Sub
Interior
Bedrooms:
6
Bathrooms:
3
Finished Area:
1,945 ft2
Living Area:
1,945 ft2
Refrigerators:
Two
Basement Details:
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
22x21
Garage Size:
462 ft2
Foundation Size:
1,054 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
Detached Garage
Road Frontage:
City Street
Roof Details:
Age 8 Years or Less
Rooms
Laundry:
In Basement
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.458
Geolocation:
45.564772, -94.147102
Lot Dimensions:
154 x 130
Zoning:
Residential-Multi-Family
Lot Description:
Corner Lot
Farm
Topography:
Level
Schools
School District:
742
District Phone:
3202539333
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
$875
Annual Fuel Expense:
$820
Annual Insurance Expense:
$2,023
Annual Maintenance Expense:
$600
Annual Trash Expense:
$720
Annual Water/Sewer Expense:
$525
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$3,740
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,750
Income
Annual Gross Income:
$37,800
Rent
Annual Net Income:
$31,737
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
Yes
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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 eXp 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.