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CITY
New Brighton , MN
UNITS
121
SALES PRICE
$5,980,000
DOWN PAYMENT
$1,495,000
TERMS
Cash
Highlights
  • Indoor pool & sauna
  • Two fully-equipped laundry facilities
  • Onsite leasing office suite (reception area with 3 offices)
  • Upgrades in most units
  • Large entry & linen closets
  • All white appliances (includes dishwashers, stoves, & vent hoods)
  • Individual storage lockers

Call MBG at (952) 922 -4405

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Description

Bramante's Apartments is an attractive 3-story brick and stucco complex, which includes 121 one-, two- and three-bedroom units, 76 garage spaces, and a leasing office suite. The building's cross-shaped design organizes the apartments into four wings each with its own rear entry. Two main secured entrances with canopies are located on the east and west sides.

Interior common areas are spacious and light with marketable features such as individual sconce lighting; decorative unit number plates; two fully-equipped laundries with built-in folding tables and soaking tubs; indoor pool with two-story ceiling and spackled plaster walls, poolside tables and chaise lounges; fully-equipped locker room and sauna, and plenty of storage rooms.

All units feature large living rooms and galley kitchens with attached eating areas, generous full wall closets, and balconies or patios. Other attractive appointments include lighted ceiling fans in dining rooms, double stainless sinks, electric ranges with hoods, and lighted bathroom vanities and ceramic tile surrounds.

Most apartments have been upgrades with new carpeting, vinyl flooring, all white appliances, and bathroom improvements. One Penthouse unit is located above the office and offers an open living room kitchen area with vaulted ceilings. Other recent repair and replacement items include several new deck supports, siding, soffits, and windows above pool.

Bramante's Apartments is located in New Brighton, Minnesota, just blocks from a bus route and major transportation arteries. The property is nicely landscaped and features a children's playground, private balconies or patios.

 

Summary
Property Type
3-story brick, stucco with vinyl siding accents
Year Built
1970
Units / Rents
41 -- 1 Bedrooms – ($680-$725)
78 – 2 Bedrooms – ($795- $850))
2 – 3 Bedrooms - ($875- $1025))
Heating & Air Conditioning
Hot Water Baseboard heat
Wall mounted, sleeved, individual A/C units
Laundry
18 Washers / 18 Dryers
Assessed Market Value
$5,929,000
Real Estate Taxes
2011 - $41,320,00
Parcel Size
6.05 acres
Parking
76 Garage stalls & plenty of off-street parking
Roofs
Flat tar/gravel
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405