30 units   One bedroom living quarters   Located one block east of Douglas County Fairgrounds on Lake Winona.   Close to Douglas County Hospital and Alexandria Technical College. Offering furnished and unfurnished studio and one bedroom apartments  $100-170/week

LOCATION: Downtown Alexandria, MN LAND AREA: Approx. 2 acres SIZE OF BUILDING: 9,960 sq ft REAL ESTATE TAXES: $6,058 (2008) GROSS INCOME:  $101,785 (2007)

Here is your opportunity to own a well established apartment/extended stay facility in a year around recreational area for all activities.  Alexandria is in the heart of the lakes in central Minnesota and is growing, creating many opportunities and a great living environment.  This is a very well kept and managed facility, it has programs in place for student housing over the course of all four seasons, since the technical college is an important part of the community.  It’s fully furnished with plenty of parking and plug-ins.  This is a turnkey opportunity with everything in place.  Another larger facility is also available in the same area to compliment this one. For demographics and birdseye imagery click here. Additional Financial/Business information provided upon receipt of signed confidentiality agreement. Price Reduced:  $699,000  $624,000  Terms: Negotiable