IVY APARTMENTS
ADDRESS: 1510, 1518 & 1526 9th
Avenue
South, St Cloud, MN
TYPE OF BUILDING: Student
Housing
LOCATION: St. Cloud
State
University Campus Area
STUDENT POPULATION: 16,000+
# BUILDINGS: 3 buildings all of which
are 3 Stories
AGE:
Built in 1990
# UNITS: 54 units total, all with 4
bedrooms
# STUDENTS: Licensed
for 216
students
EXTERIOR: Brick veneer &
vinyl
CONDITION: Above
Average
PARKING SPACES: 164
at $135/year
EXISTING MORTGAGE:
Assumable 6% loan
payable at $17,900 per month plus taxes and insurance. 30 Year
amortization
with a 10 year balloon due January 2012. No prepayment.
ASKING PRICE: $4 Million or Best Offer
COMMENTS:
This is an attractive student rental
investment opportunity in excellent condition throughout. Owners
maintain this
property on a regular basis with little or no deferred maintenance
noted. Excellent
rental history and a solid investment opportunity. Letter
of Confidentiality required of all prospects. Print Letter of
Confidentiality. For more details go
to cbcworldwide.
CALL
MIKE
SCHMITT TODAY FOR A PERSONAL
SHOWING
(320) 251-1177
The
information
above has been obtained from sources believed reliable. While we do not
doubt its accuracy we have not verified it and make no guarantee,
warranty or representation about it. It is your responsibility to
independently confirm its accuracy and completeness.