630 Manila St

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630 Manila St

Stephen, MN 56757
Asking Price
$399K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Stephen, MN
  • Current asking price for the property is 399000 dollars
  • The building features interior ceiling heights between 8 and 10 feet
  • Property is currently fully renovated and maintains full tenant occupancy
  • Located at 630 Manila St within a growing regional submarket

What's Special

This multifamily apartment building at 630 Manila St in Stephen, MN, provides an investment opportunity within a quiet regional market. The property features a fully renovated interior with ceiling heights ranging from 8 to 10 feet throughout the units. Currently fully occupied, this asset functions as an established residential rental operation suitable for investors seeking stabilized cash flow in a steady Midwestern environment. Stephen sits within a broader rural Minnesota landscape where regional agriculture and local service sectors drive economic activity. Small-market multifamily assets like this one offer a reliable housing option for local residents and employees. Given the completed renovations and high occupancy status, the property is positioned for continued operation as a multi-tenant apartment community.

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NOI
$80,000
Cap Rate
20.05%
DSCR
3.38
Strong
Cash-on-Cash
47.04%
Monthly Payment
$1,974.034
Annual Cash Flow
$56,311.588

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