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CITY
Monticello, MN
UNITS
12
SALES PRICE
$610,000
DOWN PAYMENT
$152,500
TERMS
Cash or Submit
Highlights
  • New gas boiler (2013)
  • Water heater 2012
  • New roof and parking lot 2008
  • Large corner lot

Call MBG at (952) 465-3572 Maddy Butler or (952)465-3576 Tom Cooper

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Description

Monticello Manor is an attractive, well managed and maintained 12-unit property in Monticello, Minnesota.  The building is situated on a huge, well-manicured corner lot.  This asset also includes assigned off-street parking spaces and a double maintenance garage with an add-on storage facility.  Recent capital expenditures include infrastructure and mechanical improvements including a new gas boiler, water heater, roof and parking lot. 

 

This three-story building is efficiently laid out floor plan with six one-bedroom and six two-bedroom apartments.  Common areas include spacious and well lit hallways and a laundry room equipped with a coin-operated washer and dryer.  Each apartment is simply designed with neutral décor, carpeted and vinyl flooring, mini blinds, and sleeved air conditioners.  Kitchens are appointed with laminate countertops and all white appliances including a gas stove.  All bathrooms have tile floors and half of the units have tub surrounds. 

The city of Monticello is located along the Mississippi River about 40 miles northwest of the Minneapolis-St. Paul metro area, and about 35 miles east of St. Cloud.  The city has a classic, small town atmosphere with an active and growing business community.  Monticello Manor is conveniently located a few blocks from Cub Foods and in close proximity to parks and recreation areas including a popular community center.  The Northstar Commuter Station, linking Monticello to the Twin Cities, is about three to four miles from the property.

 

Summary
Property Type
1 three-story building
Year Built
1974
Units / Rents
6– 1 Bedrooms – ($571-$590)
6– 2 Bedrooms - ($675-$690))
Heating & Air Conditioning
Gas Fired Hot Water Baseboard
Wall units
Laundry
1 Washer / 1 Dryer
Assessed Market Value
$472,300
Real Estate Taxes
2014 - $7,776
Parcel Size
1/2 acres
Parking
Assigned Parking Spaces
Roofs
Gable
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405