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CITY
New Brighton, MN
UNITS
32
SALES PRICE
$2,510,000
DOWN PAYMENT
$627,500
TERMS
Cash
Highlights
  • Full security and sprinkler system
  • Full-sized washers & dryers (in unit)
  • Individual furnaces/central air conditioning
  • Spacious units- 1,500 to 2,000 square feet
  • Center island (2 Penthouse units)
  • Upscale amenities - guest suite, party room, fitness room, car wash, furnished lobbies on each floor
  • Full-wall closets with mirror accents
  • Kitchens with serving window to dining areas
.

Call MBG at (952) 922 -4405

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Description

Bramante's By the Lake is an elegant 32- unit senior community in New Brighton, Minnesota. The well-built brick and stucco building opens to a palatial entry with emerald green marble flooring leading into a large furnished lobby. Tenant parking is in the underground garage along with private storage lockers, mechanical and trash and recycling rooms. The property, built in 1987, is professionally landscaped with mature trees and terraces and is tucked into a quiet, residential neighborhood.

All apartments are spacious and light and architecturally detailed with 12-foot-high ceilings, plush carpeting and angled rooms, and are appointed with top quality finishes. Hallways are wide and open with private recessed unit entries, sconce lighting, and individual storage/furnace rooms on each floor.

Creative floor plans include one and two bedrooms/study with two baths with vanities, full wall closets, and French doors. The six end units are slightly larger floor plans with furnaces in the front entry closets. The property also features a fully-furnished guest suite and two large, upscale penthouse-style units with whirlpool baths.

Other upscale amenities include: A large party room and patio equipped with a full kitchen (double refrigerator), dining and entertainment/conversation area (with a flat screened television); two private bathrooms, a fitness center, elevators, central air, and a car wash in the underground garage.

Bramante's By the Lake is conveniently located on a bus route near major freeways and interstates 694, 35W and 35E. Downtown Minneapolis and St. Paul are about 15 minutes south.

Summary
Property Type
3-story brick and stucco
Year Built
1987
Units / Rents

30 - 2 BR ($880-980)
2 -2 BR Suites ($1160-$1250)

Heating & Air Conditioning

Forced Air / Central

Laundry
Washer & Dryer in each unit (owned)
Assessed Market Value
$ 2,310,000
Real Estate Taxes
2012 - $46,024.00
Parcel Size
2.06 acres
Parking
Underground garage
Roofs
Flat - tar & gravel
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405