Colony Court & Hoover Estates Apartments

1621 Colony Court
1866 Lee Boulevard
North Mankato, MN

Sale Price

$17,500,000

Size

120-unit & 72-unit Properties

Description

Colony Court Apartments are a 120-unit property comprised of 20 one-bedroom units and 100 two-bedroom units.
94,632 net rentable area on 6.38 acres.
Built in 1971.
10 buildings with onsite property management standalone office building.
Units contain stove, refrigerators, in wall air-conditioning.
Laundry facilities on site, playground, expansive grounds and extra storage.

Hoover Estates Apartments are a 72-unit property with 3 one-bedroom units, 51 two-bedroom units and 18 three-bedroom units.
3 Buildings, 3-Stories – 77,832 net rentable area on 6.35 acres.
Built in 1991.
Units contain stove, refrigerators, in wall air-conditioning.
Laundry facilities on site and detached garages.

Properties within walking distance of several large employers – Navitor, Corporate Graphics, Hoover Elementary and North Central College.

Contact broker for rent rolls and financials.

Colony Court & Hoover Estates Apartments
Nick Gustafson, CCIM
605-201-2809