Westwood Oaks Apartments - SOLD

Westwood Oaks Apartments, consisting of one building with Eight (8) apartment units, conveniently located near the Sauk River in a vibrant area in West St. Cloud. Location is directly across the street from Westwood Elementary School and adjacent to a large park area.  Westwood Oaks has an excellent rental track record and is currently 100% occupied. Additionally, the property is professionally managed making this a turn-key investment opportunity.

Location: 
Situated in close proximity to schools, shopping, church, park with splash pad, amateur baseball field, Municipal Athletic Complex, and more. Property is located approximately 60 miles from the Twin Cities.
More details: 
Westwood Oaks has security entry, and consists of brick construction. All units are two bedrooms with spacious floor plan, and 5 units have two full baths. Each unit has its own individual deck, or walkout patio area. In addition, there are 8 garages and also parking lot. Roof is pitched with architectural grade shingles, which were replaced approximately 6 years ago. Tenants pay their own heat/electric.
 
This offering represents a unique opportunity to own 8 apartment units with an excellent St. Cloud location. The local apartment market in St. Cloud is maintaining a healthy 5% vacancy rate, and seeing strong tenant demand for well located properties. Local market fundamentals are projected to remain strong.
Special Features: 
  • Security system
  • Newer Roof
  • Laundry Room
  • Low Maintenance Brick Exterior
  • Each Unit has Deck or Walk-out Patio
  • Guest parking
County: 
Stearns
Land Area: 
19,360
Size of Building: 
7,680
Age: 
Built in 1981
# of Units: 
8 Two Bedroom units
Parking: 
10 spaces
# of Garages: 
8
Price: 
$375,000 - SOLD