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CITY
Lindstrom, MN
UNITS
22
SALES PRICE
$1,055,000
DOWN PAYMENT
$263,750
TERMS
Cash or Submit
Highlights
  • Nicely landscaped
  • Newer roof
  • Newer windows
  • Newer appliances
  • Individual storage lockers (2 for each unit)
  • Mini blinds in all rooms
  • Large, well-lit laundry rooms in each building
VIEWLindstrom web FULL REPORT>>
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Call MBG at (952) 922 -4405

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Description

Northgate Apartments is a two-building all brick complex with detached garages, and a large back yard with a picnic area. This investment offers 22 spacious units:  15 two-bedrooms and 7 one-bedrooms. The buildings’ common areas are appointed with glass entry doors, tile entryways, wrought iron railings, and wide, fully carpeted hallways and stairs.

Each apartment is spacious and light and impeccably clean.  All units feature large windows, living rooms and closets—including one in the entry, and neutral décor throughout. Kitchens are equipped with electric ranges with hoods, double stainless sinks, all white appliances, and solid oak wood cabinets.  Bathrooms in all units include vanities, tile surround tubs, and tile floors

Lindstrom is a quaint city in Chisago County, Minnesota surrounded by lakes.  The city is conveniently located 10 miles from the Wisconsin border and 40 minutes from downtown Minneapolis and St. Paul.  

Summary
Property Type
2 1/2-story brick
Year Built
1969
Units / Rents
7 – 1 Bedroom – ($560-$595)
15– 2 Bedrooms - ($625-$675)
Heating & Air Conditioning
Baseboard
Wall mounted, sleeved, individual A/C units
Laundry
4 Washers / 4 Dryers, Owned
Assessed Market Value
$950,800
Real Estate Taxes
2011 - $15,812
Parcel Size
1.43acres
Parking
7 Garages, plenty of off-street parking spaces
Roofs
Flat Roof
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405