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Westview Village Patio Homes

Westview Village Patio Homes

1425 19th Ave SW  /

Property Details

Price:
Property Type Multifamily
Total Lot Size: 7.47 Acres
Year Built: 1980
Number of Units: 58
Garages: 43
County: Kandiyohi

Description

Michel Commercial is pleased to present the Westview Village Patio Homes, a well-maintained, senior (55+) apartment complex located in Willmar, Minnesota. Built in 1980, Westview offers 58 apartment homes that promote comfort and accessibility. The property boasts a desirable unit mix of one- and two-bedroom units and all of the units are conveniently located on the ground level, and have their own private patio. There are laundry facilities on-site (free to residents), 43 garages (w/ electric garage door openers), 40 garages, and the residents of Westview Village appreciate the opportunity to engage with each other in the various communal spaces including: the library, the sitting area, and the community room. In addition, there is a guest room available to rent and regularly scheduled, resident-led activities that foster a sense of camaraderie and community. The residents of Westview Village enjoy its excellent connectivity. Highways 12, 40, and 71 are easily accessible, facilitating effortless travel and exploration of the surrounding areas. Situated about a mile away from a bustling commercial hub, residents have convenient access to popular retail such as Target, Walmart, and Home Depot. For those seeking cultural enrichment and entertainment, the Mikkelson Collection Museum and Willmar City Auditorium are just a few minutes away. Nature enthusiasts will appreciate the proximity of several parks, including Westwind Area, Richland Area, Ramblewood, and Robbins Island Regional Park, all located within a five-mile radius. The Westview Village Patio Homes is a turn-key investment opportunity. The property’s strong occupancy rates and long-term resident base creates a solid foundation for natural rental increases, ensuring a steady and reliable income stream. Its convenient location, solid in-place income, and potential for rental growth makes it an appealing investment vehicle. Residents of Westview Village enjoy its serene and fulfilling living environment and are proud to call it ‘home’.

Location

Willmar’s central location in Minnesota makes it convenient for travel. It is situated within reasonable driving distances from larger cities like Minneapolis, St. Cloud, and Fargo, providing access to additional amenities, entertainment options, and airports. Here are more key details about the city of Willmar: Healthcare Services: Willmar is home to a well-regarded medical center, Carris Health - Rice Memorial Hospital, which provides comprehensive healthcare services. Having reliable healthcare facilities nearby is a crucial benefit for residents. Community Spirit: Willmar is known for its strong sense of community. It has a friendly and welcoming atmosphere, and residents often engage in community events, festivals, and volunteer opportunities. The city hosts various cultural celebrations and gatherings throughout the year. Outdoor Recreation: Willmar is surrounded by beautiful natural landscapes, including lakes, parks, and trails. Residents can enjoy activities like boating, fishing, hiking, biking, and camping. The region’s numerous parks and recreational facilities offer ample opportunities for leisure and relaxation. Employment Opportunities: Willmar has a diverse economy with opportunities in various industries, including healthcare, manufacturing, agriculture, and retail. The city is home to several major employers, providing a stable job market. Quality Education: Willmar is served by a reputable school district that offers quality education for children. There are also higher education options nearby, such as Ridgewater College, which provides a range of academic programs.

Highlights

Recent Capital Improvements

2023
• New Expansion Tank

2022
• Parking Lot Repair
• New Water Heater
• New Washing Machine
• Replaced TACO Pump-HVAC
• New Air Conditioner

2020
• New Condensor
• New Boiler
• New Washing Machine

2016-2019
• Roofs Replaced

Rental Upside

• Opportunity to Raise Rents (there is a waiting list for available units)
• Opportunity to Raise Garage Rents (all of the garages are occupied)
• Opportunity to Allow Pets and Charge Pet Rent
• Opportunity to Charge for Laundry
• Opportunity to Return the Office to a Rentable Studio Unit

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