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CITY
St. Cloud , MN
UNITS
59
SALES PRICE
$2,350,000
DOWN PAYMENT
$587,500
TERMS
Cash or Submit
Highlights
  • 24-hour care (Lifeline); nurse on call
  • Intercom / telephone controlled entry access
  • Sprinkler system (one year old)
  • Storage & linen closets in each unit
  • Energy efficient central forced heating & air-conditioning system
  • In-home emergency call systems
  • Handicapped accessible apartments and facility (main entrance, public restrooms, designated disability parking; customized grab bars)

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Description

Skylight Gardens is a 59-unit all brick apartment property targeting tenants 55 years and older.  The historic renovated property is an active senior community offering access to a variety of services and local activities.   The facility offers staff qualified to provide nursing and other services to residents, and is licensed as a Class F Home Care Provider by the Minnesota Department of Health.  

The main level, facing the street, is open and light with a continuous row of windows running the length of the building.  The first floor houses an onsite office, a dining room, a full industrial quality kitchen with walk-in refrigerators, a beauty-barber shop, and a party room with a large flat screen television.  A parking lot with plenty of off-street spaces is located next to the building.  

In the center of the building, the one- and two-bedroom units surround a sunny three-floor atrium.  Each unit is spacious, with neutral décor throughout, and offers a full bathroom with tub or standing showers. Most units include uniquely designed kitchens equipped with standard electric appliances. A housekeeping room is located on all three floors, and laundry facilities are on the second and third levels.   

Skylight Gardens is located within blocks of the Mississippi River in the converted Carter Building, an historic city landmark in St. Cloud.  It’s close to popular entertainment venues such as the Civic Center, the historic Paramount Theatre, and the Regional Public Library, and is within walking distance of popular shops and restaurants.
Summary
Property Type
3 story brick building / first floor awnings
Year Built
1886
Units / Rents

49 - 1 BR - ($475-630)

10 - 2 BR - ($780-805)

Heating & Air Conditioning
Hot water / closed loop (three boilers)
Laundry
Located on second & third floors
Assessed Market Value
Real Estate Taxes
2010 - $17,034
Parcel Size
acres
Parking
Ample off street parking
Roofs
Flat
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4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405