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Curve Crest Villas 2225 Orleans St W 90 Unit Apartment Building For Sale Stillwater, MN 55082



Investment Highlights
- Premier Intersection
- Abundant Walkable Retail
- High Barrier to Entry Market
- Strong Demographics
- 28 Years Remaining on Financing
Executive Summary
Curve Crest Villas offers the opportunity to acquire a 90-unit, 2002 built property in the highly affluent Stillwater Market. The property is a LIHTC asset with the opportunity to bring to market rate in 2033. Currently 69 of the units are required to be at 60% AMI rents with the balance at market rate.
The property sits in premiere location within Stillwater. Residents enjoy immediate access to retail. The walkability to surrounding amenities make this suburban opportunity unique. The large units at 1,000 square feet make it much larger than the other newer vintage assets in the market.
The property sits in premiere location within Stillwater. Residents enjoy immediate access to retail. The walkability to surrounding amenities make this suburban opportunity unique. The large units at 1,000 square feet make it much larger than the other newer vintage assets in the market.
Property Facts
| Sale Type | Investment | Lot Size | 2.84 AC |
| No. Units | 90 | Building Size | 125,424 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2002 |
| Apartment Style | Low-Rise | Parking Ratio | 0.47/1,000 SF |
| Building Class | B | ||
| Zoning | RCH - High-Density Multiple-Family Residential | ||
| Sale Type | Investment |
| No. Units | 90 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 2.84 AC |
| Building Size | 125,424 SF |
| No. Stories | 3 |
| Year Built | 2002 |
| Parking Ratio | 0.47/1,000 SF |
| Zoning | RCH - High-Density Multiple-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Vaulted Ceiling
- Refrigerator
- Range
- Tub/Shower
- Carpet
- Dining Room
- Wheelchair Accessible (Rooms)
Site Amenities
- Security System
- Car Wash Area
- Disposal Chutes
- Pet Play Area
- Elevator
- Multi Use Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 36 | - | 725 |
| 2+2 | 31 | - | 1,074 - 1,255 |
| 3+2 | 23 | - | 1,245 - 1,312 |
Property Taxes
| Parcel Number | 32-030-20-31-0008 | Improvements Assessment | $12,789,400 |
| Land Assessment | $1,034,600 | Total Assessment | $13,824,000 |
Property Taxes
Parcel Number
32-030-20-31-0008
Land Assessment
$1,034,600
Improvements Assessment
$12,789,400
Total Assessment
$13,824,000
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Curve Crest Villas | 2225 Orleans St W
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