$999,900
314 County Road 8 Rockville, MN 56369
For Sale MLS# 7036914
14,976 sq ft Commercial
Details for 314 County Road 8
MLS# 7036914
Description for 314 County Road 8, Rockville, MN, 56369
100% Occupied 16 Unit Apartment Building With Immediate Cash Flow Generating $140,000 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. Only a few vacancies in the past 5 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 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. Annual expenses Include: Insurance $9,365, Taxes $13,950, Garbage $6,500Water/Sewer $12,000, Electric $3,800, Gas $7,500This is a rare find and opportunity to own a TURN KEY cash flowing apartment building.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Lot Size: 1.30 Acres
Square Feet: 14,976 sq ft
Year Built: 1969
Foundation: 3,744 sq ft
Garage: Yes
Stories: 2 Stories
Number Of Units Total: 16
Current Use: Residential
County: Stearns
Days On Market: 26
Construction Status: Previously Owned
School Information
District: 750 - Rocori
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Heating Common,Hot Water Common
Cooling: Wall
Heating: Hot Water, Boiler, Natural Gas
Exterior / Lot Features
Garage Spaces: 6
Open Parking: 12
Parking Description: Paved Lot, Multiple Garages, Unassigned, Detached Garage, Driveway - Asphalt, Garage Dimensions - 24x72, Garage Sq Ft - 1728.
Exterior: Wood, Brick/Stone
Roof: Pitched, Asphalt Shingles
Lot Dimensions: 160x360x160x360
Zoning: Business/Commercial,Residential-Multi-Family
Additional Exterior/Lot Features: Tree Coverage - Light, Corner Lot, Land Inclusions - Building,Leases, Road Frontage - City
Driving Directions
From Hwy 23, head North of Co Rd 8, property on the left
Financial Considerations
Tenant Pays: Broadband,Cable T.V.,Electric
Owner Pays: Fuel,Gas,Hot Water,Insurance,Lawn,Maintenance/Repair,Repairs,Sewer,Snow,Taxes,Water
Gross Income: 139560
Tax/Property ID: 76416330800
Tax Amount: 13792
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Central MN Realty LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 314 County Road 8
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 314 County Road 8
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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