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Active - Apartment for sale
Rockville, MN
Facts & features
Why you’ll love it
- Renovated
- Garage
16 Unit Apartment Building Generating roughly $150,000 in annual gross income on the edge of town surrounded by farm fields, park across the street, and long history of low vacancies only minutes from Cold Spring, I-94 and the large St. Cloud Metro. Two 1970 brick buildings consisting of 12 - Two Bedroom units averaging $775 in rent with market rents being around $900 and 4 - One Bedroom units averaging $650 in rent with market rents being around $750 per unit. Many recent updates including architectural shingles, vinyl windows, and nearly all units have been updated such as the three units in photos with newer flooring, paint, kitchen, appliances, bathrooms & fixtures. Two new sets of coined washer/dryer for additional income. Hot water boiler heat the owner pays for gas, plus water, sewer, garbage, snow removal and lawn care. Tenants pay for electric heat with 16 separate electric meters and AC units on 60 amp fuses. 6 garage stalls and blacktop parking lot. Professionally managed by Jamkee Properties. Annual expenses Include: Insurance $9,365, Taxes $13,792, Snow/Lawn care $7,000, Garbage $6,500 Water/Sewer $12,000, Electric $3,800, Gas $7,500 Management at 8% of gross rent $11,000. This is a rare find and opportunity to own a TURN KEY cash flowing apartment building. Unit #3 left vacant for showings and just had a $20,000 remodel.
Listed by: Central MN Realty LLC
Co-listed by: Central MN Realty LLC
Source: Northstar MLS as distributed by MLS GRID, MLS#: 6783767
Based on information as of Jun 01, 2026 at 01:00am EDT.
Come see by yourself
Affordability
$6,205/mo
- Mortgage$5,056
- Property tax$1,149
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
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Travel times
About Rockville
AI-generated overview for informational purposes only.
Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone X
Outside the high-risk Special Flood Hazard Area — flood insurance is usually optional but still worth considering.
More details
Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
Based on information submitted to the MLS GRID as of Jun 01, 2026 at 01:00am EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
