INVESTMENT OPPORTUNITY | 76 Units - 146 Bedrooms | Convenient Central MN Location

CBC Orion is pleased to exclusively offer Angushire Apartments - 76 Units consisting of 146 Bedrooms, situated on 4.89 Acres. Unique opportunity to own a larger apartment complex in prominent Central MN community. Conveniently located in close proximity to major linkages: Schools, Shopping, Restaurants, Employment, on Metro Transit Route.

Three building, 76 unit, apartment complex. Three, 3 story apartment buildings connected by ground level corridors. Mix of one, two and three bedroom units. The complex has four garage buildings, formal entrance lobby, security access, laundry rooms, community room, sauna and indoor pool. Individual units consist of spacious floor plans, with 1-3 bedrooms, living and dining rooms, kitchen, bathroom, walk in closets, dishwashers, range with Hood, wall AC units.

Local Central MN Apartment has remained strong averaging just 5-6% vacancies as a market. ***According to recent apartment vacancy report. Local unemployment is two percent below the national average. St. Cloud/Waite Park/Central Minnesota remains a strong market for apartment ownership.

Property Type: 
Multi Family - Investment Property
Special Features: 

Building amenities include:

  • Separate Indoor Pool Area with Jacuzzi spa
  • Sauna
  • Community Room
  • Controlled security access
  • Decks (in upper level units)
  • Private patios (main level units)
Address: 
320, 330, 340 Second Avenue South, Waite Park, MN 56387
County: 
Stearns
Parcel #: 
98.60530.0000
Land Area: 
4.89 acres
Size of Building: 
98,368 sq ft
Type of Construction: 
Wood frame - stucco/brick facade
Age: 
Built in 1972/Renovated in 1996
# of Units: 
76 Total; 13 One Bdr Units - 54 Two Bdr Units - 9 Three Bdr Units
Parking: 
76 Garage Stalls in 4 attached garage buildings and surface parking for 92
Real Estate Taxes: 
$63,318 (2011)
Gross Income: 
Potential Rental Income of $687,060 + Additional fee income
Price: 
$3,600,000
AttachmentSize
Demographic and Income Profile.pdf188.54 KB
Views: