$1,250,000
$1,050,000
19.0%For more information regarding the value of a property, please contact us for a free consultation.
0.86 Acres Lot
SOLD DATE : 10/30/2026
Key Details
Sold Price $1,250,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Meadowlark Acres Ii
MLS Listing ID 7149205
Sold Date 10/30/26
Year Built 1995
Annual Tax Amount $12,578
Tax Year 2026
Contingent None
Lot Size 0.860 Acres
Lot Dimensions 124x300
Property Description
Excellent opportunity to acquire a 100% occupied, professionally managed, 12-unit multi-family property at Country Club Estates in Melrose. The property features an attractive unit mix of 10 - two bedroom, two bath units and 2 - one bedroom, one bath plus den units. Each apartment includes an attached garage as part of the monthly rent, providing a desirable tenant amenity. Tenants are responsible for electric, including hot water, while the landlord pays cold water, sewer and refuse. Additional income is generated through on-site coin operated laundry. Significant recent capital improvements include new roofing and siding completed in 2025. Conveniently located near I-94 in the town of Melrose, approximately 30 minutes from both the St. Cloud metro and Alexandria Lakes Area, providing convenient access to two of Central Minnesota's key regional markets. This fully occupied, professionally managed multi-family investment offers a strong unit mix, tenant-paid utilities, attached garages, additional laundry income, and substantial recent exterior improvements. This building is located just a couple blocks from Meadowlark Country Club & Golf Course.
Location
State MN
County Stearns
Zoning Residential-Multi-Family
Interior
Heating Baseboard
Fireplace No
Exterior
Parking Features Attached Garage, Asphalt, Multiple Garages, Parking Lot, Paved Lot
Garage Spaces 12.0
Pool None
Utilities Available Electric Separate, Heating Separate, Hot Water Separate
Roof Type Age 8 Years or Less,Architectural Shingle
Present Use Other
Building
Story Two
Foundation 6840
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Frame
New Construction false
Schools
School District Melrose
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