Property Type:
Commercial
Lot Size (sq. ft.):
122,404
Status:
Closed
Current Price:
$3,850,000
List Date:
8/31/2023
Last Modified:
6/08/2025
Overview
Description
IVY Apartments in Saint Cloud is a great location with close proximity to downtown, parks, schools, and easy access to Interstate 94 and other major thoroughfares.
Offering consists of (3) Three - 3 story apartment building totaling approx. 70,000 square feet with Fifty-Four (54) Apartment Units, and 1 Garage/Maintenance Building. Attractive brick and vinyl siding exterior with new 30-year asphalt shingled roofs. The buildings consist of 53 - 4 Bedroom Units and 1 – 2 Bedroom Unit. Unit layout consists of kitchen and dining areas, spacious living area, large closet, dual sink vanities and 1-1.5 bathrooms. Units are nicely equipped with range/oven, fridge/freezer, and dishwashers. Additionally, there are laundry facilities on each floor.
These nicely updated apartment buildings have received significant capital improvements in 2023 (approx. $300K invested) consisting of new roofs (all buildings), parking lot upgrades, new intercom systems, and all new common area painting in progress.
Last Updated: June - 08 - 2025
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