Peter Michel - Commercial Real Estate Showcase

Peter Michel Property Listings
Vice President
Michel Commercial Real Estate
12930 32nd Ave N
Minneapolis, MN 55441

1812 16th Street SE - University Village Townhomes

Saint Cloud, MN 56304-2390 - Clemens & Munsinger Gardens MF Submarket

Property Type:Multi-Family Number of Units:131 Status:Existing Year Built:1988
Stories:3 Building Size:175,128 SF Land Area:9.63 AC (419,282 SF)
For Sale Price:$10,500,000 Price/Unit:$80,152.67 Cap Rate:6.54 % GRM:-

Parking:1.14 Parking Spaces / 1,000 SF

Sale Notes:
University Village is a newer student Housing property that is located in Saint Cloud Minnesota within minutes of Saint Cloud State University with over 16,000 students. University Village was built in 3 stages 1988,1989 and 1990 and consists of 7 buildings with a 3 story above ground design. The buildings have attractive brick and vinyl exteriors and pitched roofs. The buildings received new roofs and siding in 2009. Most of the units are 4 bedroom townhome units with private entrances. The buildings are pet free and smoke free. Some of the amenities include laundry facilities in each building, heated swimming pool, volleyball courts,high speed internet and free Wi-Fi. The property has been very well maintained.

Michel Commercial Real Estate
Peter Michel
(952) 474-1325

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