$47,721
Welcome to East Terrace Cooperative,
a Hidden Gem in Cambridge, MN.
Nestled in a lovely residential neighborhood, East Terrace Cooperative is a premier 55+ community just minutes away from excellent shopping, dining, and recreation. Here, you can truly enjoy maintenance-free living at its finest! When you purchase a share in this cooperative, your investment grows while you enjoy lower monthly costs through shared services.
• How it works: You are purchasing the equity paid by the seller and assuming a portion of the building’s master mortgage allocated to your specific unit.
• Simple qualification: Once financially qualified, you assume your share of the master mortgage, making the transition seamless.
What’s Included?
Your monthly member fee of $1,391.00 takes the guesswork out of budgeting. It is an all-inclusive fee that covers:
• Financials: Your portion of the master mortgage (principal, interest, and mortgage insurance), property taxes, and master building insurance.
• Utilities: Heat, water, sewer, trash removal, internet, cable, phone, and common area electricity/AC.
• Maintenance & Management: Professional management, standard replacements, and all repairs/maintenance for both your unit and common areas (including appliances and fixtures).
Member Responsibility: Members are only responsible for their personal unit electricity and an HO6 insurance policy.
Home & Community Features
Enjoy a spacious, one-level layout boasting 1,067 square feet of comfortable living space with recent modern updates.
Beyond your front door, you’ll have access to fantastic, shared amenities:
• Community room & library
• Fitness area & workshop
• Large outdoor deck
• On-site car wash
• Convenient laundry rooms on each level
At East Terrace, you aren't just buying a share in a cooperative; you're joining a community. You even have the opportunity to join a committee and have a direct voice in the cooperative's operations!
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7167042
MLS
2155 6th Lane SE Unit 303, Cambridge
Listing courtesy of Ebenezer Manage Services.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.