<< BACK TO LISTINGS PAGE

 

 

this listing
CITY
New Brighton , MN
UNITS
54
SALES PRICE
$3,925,000
DOWN PAYMENT
$981,250
TERMS
Cash or Submit
Highlights
  • High Efficiency Boiler (2011)
  • New Kitchens & Bathrooms (2016)
  • New Parking lot ( 2014)

Tom Cooper  952-465-3576
Maddy Butler 952-465-3572

View More Photos >>
MORE PHOTOS

Description

Emerald Manor is a classic 1960s apartment complex with 54 studios and two-bedroom units in the New Brighton suburb halfway between St. Paul and Minneapolis.   The fully-leased property consists of two all-brick buildings on 1.87 landscaped acres with 15 rentable garages, and additional on-site surface parking spaces.      

 

Back and front entries in both buildings feature rough sawn cedar siding and ceramic tile floors.    All common areas are fully carpeted and include brightly-lit laundry rooms equipped with coin-operated washers and dryers, and individual tenant storage lockers.           

 

All apartments offer plenty of closet space as well as eating areas off the kitchens. Two-bedroom units on the second and third levels have the added feature of decks off the living rooms.   Almost all units have been remodeled with kitchens updated with all white appliances, double stainless steel sinks, and new cabinets & countertops.  Bathrooms décor includes vanities and ceramic tile floors and surrounds.

 

Emerald Manor is close to two major freeways (35W and 694), and is located in a quiet, fully developed residential neighborhood.  The property is within walking distance from Hansen Park, which offers paved walkways, tennis courts and other recreational amenities.  The complex is also in close proximity to restaurants and shopping including St. Anthony Shopping Center, the first strip mall in Minnesota. 

 

 

Summary
Property Type
Two 1 1/2 -story buildings
Year Built
1964
Units / Rents
02 -- Efficiency – 670 sq. ft. ($ 578)
15 – 1 Bedrooms – 750 sq. ft. ($ 717)
36 – 2 Bedrooms - 875 sq. ft. ($ 897)
Heating & Air Conditioning
Gas fired hot water (high efficiency boilers)
Wall units
Laundry
4 Washers / 4 Dryers
Assessed Market Value
Real Estate Taxes
2016 - $50,006
Parcel Size
1.78acres
Parking
15 Garags /Ample parking spaces
Roofs
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405