Key Row Community - St. Cloud, Little Falls, Milaca & Morris

Property Info:

Location:

State/County/Province: MN
View Map

Details:

Asking Price: $9,400,000.00 - 0

Contact:

Agent's Name: Steve Feneis
Phone Number: 320-420-2837
Email Agent


Property Description:

This is a rare opportunity comprised of four affordable housing communities that have benefited from professional management and an ongoing capital improvement plan. The properties in this offering include:

-Key Row Community St. Cloud, a 108-unit property with a HAP Contract covering 100% of the units (780 14th Street South - St. Cloud MN)

- Key Row Community Little Falls, a 124-unit property with a HAP Contract covering 100% of the units (905 6th Ave. North East - Little Falls MN)

- Key Row Community Milaca, a 68-unit property with a HAP Contract covering 100% of the units (400 4th Ave. North West - Milaca MN)

- Key Row Community Morris, an 88-unit property with a HAP Contract covering 90% of the units (151 Sunnyslope Road - Morris MN)

All HAP Contracts are dated August 1, 2014 and have a term of five years, with Morris having a term of 10 years. This portfolio affords an investor the opportunity to meaningfully expand its footprint into Stearns, Morrison, Mille Lacs and Stevens Counties.

View flyer for more details here!