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CITY
Willmar, MN
UNITS
48
SALES PRICE
$1,728,000
DOWN PAYMENT
$432,000
TERMS
Cash or Submit
Highlights
  • Entry closets & large walk-ins )
  • Sliding glass, insulated windows
  • Balconies or patios
  • Brass door knockers
  • Parking lot redone (1/3 currently)
  • Newer carpeting (common areas)
  • “Back 40” vacant land
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Description

Somerset Apartments, in Willmar, Minnesota, is an attractive, affordable two-building complex consisting of 48 units with garages residing on more than 3.6 acres of land.  Creative apartment floor plans include spacious one-, two- and three-bedrooms, with one and two baths, and two handicap accessible units.  The property is impeccably maintained, both inside and out, and features a large on-site rental office, separate balconies and well-landscaped grounds with a conveniently located playlot for children.  

Entries in both buildings are intercom controlled, with well lit and carpeted hallways on all floors.  Laundry rooms are well located on the main floors and are equipped with three washers and dryers with coin op card dispensers.  One of the washers in each building is larger and front-loaded for greater capacity. 

Apartment interiors are spacious and light, with 8 foot ceilings, and appointed with laminate wood flooring in entries, kitchens & dining areas.  Kitchens feature breakfast bars—for more counter and eating space, and are equipped with neutral colored appliances with vent hoods, double-sided stainless sinks, and wood cabinets with laminate doors.  Three-bedroom floor plans include a master bedroom with full bath and walk-in closets.  

Willmar is one of the fastest growing non-metropolitan cities in Minnesota with a consistently strong rental market.  The community, as a regional center for West Central Minnesota, is located 100 miles west of the Twin Cities.  Ridgewater College, Kandi Mall and other popular recreational, shopping and dining establishments are within close proximity.   

Summary
Property Type
2 1/2 -story brick & metal siding
Year Built
1994
Units / Rents
2 - 1BR - ($ 502)
34 – 2 Bedrooms – ($ 575)
12 – 3 Bedrooms – ($ 647)
Heating & Air Conditioning
Gas fired hot water
Wall units
Laundry
3 Washers / 3 Dryers in each building
Assessed Market Value
$ TBD
Real Estate Taxes
2010 - $ 16,374
Parcel Size
3.6 acres
Parking
24 Garage stalls + ample off street parking
Roofs
pitched - shingled
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405