Additional details

John Moengen

johnsmnrealestate@gmail.com +1(218) 330-9451

$1,050,000

Est. payment - /mo

0.86 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Pending

Purchase Type For Sale

Subdivision Meadowlark Acres Ii

MLS Listing ID 7149205

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

Inclusions Building, Land

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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Listed by Dylan Vogt • Edina Realty, Inc

Nearby School & Business

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John Moengen

+1(218) 330-9451

Agent

190 Country Club RD SW Melrose, MN 56352

John Moengen

Key Details

Location

Interior

Exterior

Building

Schools

Nearby School & Business

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