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Wedgewood Apartments

Wedgewood Apartments

3100 N Chestnut St  /

Property Details

Price: $ 5,525,000
Property Type Multifamily
Total Lot Size: 4.13 Acres
Year Built: 1985
Number of Units: 64
Garages: 144
County: Stearns

Description

The Wedgewood Apartments of Sartell was built in 1985 and originally operated as a Cooperative. In 2005 the property underwent a major remodel including new windows, siding, and roofs, and was converted to condominiums. The Wedgewood Condominium Association was terminated as of December 30, 2014. Since that time the property has thrived as apartments with significant increases in net operating income over each of the past three years. The property is laid out beautifully with four apartment buildings surrounding a very attractive, spacious courtyard including a pool and picnic areas. There is an excellent unit mix of 44 two-bedroom units and 20 one-bedroom units. Tenants enjoy a washer and dryer in their unit and each apartment comes with a tuck-under garage and storage. There are an additional 80 surface parking spaces for the convenience of the tenants and their guests. With continued excellent property management this property is positioned to perform well long into the future! Schedule your showing today!

Location

Sartell, MN is a community of just over 17,000 people. Situated 6 miles northwest of St. Cloud, MN, it is part of the larger St. Cloud metro area, which boasts a population of around 250,000 residents. It is located about 60 miles northwest of the Minneapolis-St. Paul metro area. Recreational opportunities are endless in the area. In Sartell alone, there are over 30 parks and 48 miles of walking trails. Set along the confluence of the Watab and Mississippi Rivers and with numerous lakes in the area, opportunities for fishing, canoeing and boating abound. Being so close to St Cloud, restaurants, shops, and services are plentiful. The local school district is one of the best in the state and economically, the St Cloud region is very strong. It is truly a great place to live!

Highlights

  • Excellent location in desirable Sartell, MN
  • Built as a Cooperative with excellent, spacious floor plans
  • Close to schools, parks, and shopping
  • Bonding Bill passed to build new high school less than 1 mile from property
  • Great unit mix of 44 two-bedroom units and 20 one-bedroom units
  • Beautiful, well maintained swimming pool
  • Garage for each apartment plus 80 additional surface parking spaces
  • Storage unit for each apartment
  • Each unit includes:
  • * Patio/Balcony
  • * Washer/Dryer in unit
  • * Storage in unit
  • * Walk-in closet
  • * Air conditioning (through wall)
  • * Dishwasher
  • * Carpets, drapes, blinds
  • * Disposals

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