SOLD | Woodhaven East & Willow Creek Apartments

CBC Orion is pleased to offer for sale - Woodhaven East & Willow Creek Apartments, conveniently situated in Saint Cloud, between major thoroughfares of Highway 10 and Highway 23. Great location on Saint Germain Street, with close proximity to neighboring restaurants, retail, bus line, etc. Location is approximately 60 miles northwest of the Twin Cities.

Offering consists of 86 Total Units - (2) Two - Three story buildings totaling 90,000 +/- square feet on just under 4 acres. In addition, there are two garage buildings - 24 garage stalls at each location. Each building consists of a diverse blend of 1, 2, or 3-bedroom floor plan, kitchen, dining, spacious living area, and 1 or 2 bathrooms layout. Units are nicely equipped with range/oven, fridge/freezer, dishwasher and wall AC unit. Additionally, some units offer a large deck or patio, and some with in unit washer and dryer.

These attractive buildings were constructed in 2001 and 2002, with combination of brick and steel siding exterior and asphalt shingles. Primary heat source is natural gas boiler system.

The city of St. Cloud has a local population of 65,000 and over 93,000 in 5-mile radius, with major employment sectors in health care, education and manufacturing. Local unemployment hovers around 3%. Local property managers are boasting vacancy rates around 2%.

This offering represents an excellent opportunity to acquire well located, newer apartment properties with stabilized rent rolls and track record of high occupancy.

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