<< BACK TO LISTINGS PAGE

 

 

this listing
CITY
Albert Lea, MN
UNITS
36
SALES PRICE
$1,235,000
DOWN PAYMENT
$308,750
TERMS
Cash or Submit
Highlights
  • New windows
  • New siding
  • New landscaping
  • New hallway carpet
  • New light fixtures
  • Laundry room in each building

Call MBG at (952) 922 -4405

View More Photos >>
MORE PHOTOS

Description

Sunset Apartments at Fountain Lake is a three building complex with 36, fully occupied units. This well-designed and maintained complex offers nice mix of apartments ranging from studio's to two bedrooms. The property has undergone extensive renovation during the past three years. Exterior additions include energy efficient windows, vinyl siding, light fixtures and sidewalks. Interior upgrades include new carpet and updated appliances in most units.

The apartments are spacious, light and impeccably clean. All units offer large windows, sizable living rooms, hallway linen closets, and feature neutral decor throughout. Kitchens include attached eating areas and are equipped with gas ranges with hoods, double sinks, white appliances, and solid oak wood cabinets. Most baths include vanities, tile or acrylic surrounds, and tile floors.

The City of Albert Lea, also known as "The Land Between the Lakes," is situated between Fountain Lake and Albert Lea Lake, and is located at the crossroads of Interstates 90 and 35, about 90 miles south of Minneapolis. The two interstates conveniently link to most major Midwest markets. Albert Lea is home to a number of large industrial, retail, agricultural, and medical enterprises. The downtown, the largest intact commerical historic district in Minnesota, offers a variety of shopping, restaurants and business opportunities.

 

Summary
Property Type
3 three-story brick & vinyl buildings
Year Built
1962
Units / Rents
03 -- Efficiency – 500 sq. ft. ($300)
15 – 1 Bedrooms – 700-750 sq. ft. ($417)
36 – 2 Bedrooms - 800-850 sq. ft. ($539)
Heating & Air Conditioning
Baseboard heat
Wall mounted, sleeved, individual A/C units
Laundry
6 Washers / 6 Dryers, leased
Assessed Market Value
N/A
Real Estate Taxes
2013 - $15,144
Parcel Size
N/A acres
Parking
Ample off-street parking
Roofs
Pitched, shingles
©2008 MINNESOTA BROKERAGE GROUP
4725 Excelsior Blvd. Suite 500 / Minneapolis, MN. 55416
952.922.4405