314 County Road 8, Rockville, MN 56369 (MLS# 7152572)

314 County Road 8, Rockville, MN 56369

New Listing
$999,000
Property Type: Commercial Square Footage: 14,976 Lot Size (sq. ft.): 56,628 Status: Active
Current Price: $999,000 List Date: 9/30/2026 Last Modified: 9/30/2026

Overview

Description

100% Occupied 16 Unit Apartment Building With Immediate Cash Flow Generating $140,000 in annual gross income, County Assessed Value at 1,036,100.00 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. Only a few vacancies in the past 6 years and immediately filled. 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 newer 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 ele ...

Listing Details MLS# 7152572

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
12
Owner Occupied
No
Waterfront YN
No
Year Built
1969
Yearly/Seasonal
Yearly
Zoning
Business/Commercial, Residential-Multi-Family
Foundation Size
3744
Garage Stalls
6
For Sale or Lease
For Sale
Acres
1.3
Lot Dimensions
160x360x160x360
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Wall Unit(s) CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone; Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Boiler; Hot Water Loan Terms: Cash; Conventional Lot Description: Corner Lot; Tree Coverage - Light On Site Utilities: Heating Common; Hot Water Common Owner Pays: Fuel; Gas; Hot Water; Insurance; Lawn; Lawn; Maintenance/Repair; Repairs; Sewer; Snow Removal; Taxes; Water Parking Characteristics: Multiple Garages; Paved Lot; Unassigned Rent Rate per Foot: Per Month Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles; Pitched Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Electricity Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
999000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
314
Street Name
County Road 8
Postal City
Rockville
County
Stearns
State
MN
Zip Code
56369

Assessments

Tax With Assessments
13792

Building Information

Building Finished SqFt
14976
Building SqFt
14976

More Information

Income and Expenses

Annual Electric Expense
3872.46
Annual Fuel Expense
7532.09
Annual Gross Income
139560
Annual Insurance Expense
10400
Annual Trash Expense
6503.8
Annual Water/Sewer Expense
12054.9

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Dimensions
24x72
Garage Square Feet
1728

Public Survey Info

Range#
29
Section#
17
Township#
123

Sale Options

Sale Includes
Building, Leases

Unit 1

No. of 1 Bedroom Units
4

Unit 2

No. of 2 Bedroom Units
12

Unit Details

Total Units
16

Documents

IDX
Listing Office: Central MN Realty LLC
Last Updated: September - 30 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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