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55+ Cooperative Living In Minneapolis & Saint Paul Metro Area

Minnesota housing Cooperatives have expanded their investment options with the changes in the real estate market to better serve senior independent residents and members.

Housing cooperatives are a form of multi family homeownership which are jointly owned and operated by the residents who live there.

• The cooperative itself is its own not for profit corporation
• Equally owned by the residents (“shareholders”)
• Operated through their own resident elected board of directors

To become a member, a “share” is purchased upfront. Share prices are determined by the square footage of the home. Members pay a fixed amount each month which covers basic expenses of operating the community, including their portion of the mortgage, property taxes, water, sewer, trash and more.

Take an audio/video tour of the featured Cooperative Now Available:

935 Ferndale St N Ste 309 Maplewood, MN

Click For Listing Website Click For Interactive e-Tour

Summerhill Cooperative is an independent living community. It is a member owned community, providing all the benefits of home ownership, while eliminating interior and exterior home maintenance. Members only pay the actual operating costs of this cooperative. When you purchase a share in Summerhill of Maplewood, you are investing in real estate, Your life style at Summerhill insures you have security, convenience, comfort and a friendly atmosphere. Together, the members own 100% of the cooperative, the building, the common areas and the land on which you live. A Share Payment is only a one-time payment. All homeownership tax advantages and appreciation come with the purchase. Monthly member fee includes: heating, sanitation, outside maintenance, hazard insurance, water, security, management and the shared amenities. Summerhill Cooperative of Maplewood includes outstanding life-style features many additional amenities that must be seen to be appreciated. To Schedule a visit to this Summerhill unit and facility, please call Sheldon at: 763-548-1430.

MLS# 4117442 $65,000 2 Bed, 2 Bath 935 Ferndale St N Ste 309 Maplewood MN, 55119 Frank DAngelo Investment Broker EXIT REALTY NEXUS 763-548-1444