Affordable ownership in the heart of Eagan – close to parks, shopping, freeways and Lebanon Hills. Perfect for buyers looking to stop renting and start building equity. Move in ready with new carpet in Living Room, freshly painted. SS appliances and new dishwasher. Washer and dryer and are in the unit. Nice size garage/storage plus storage area.
A bit about a co-op, What is a Co-op?
A co-op is a little different from buying a traditional condo or townhome. Instead of owning your individual unit outright, you purchase a share of the cooperative that owns the entire property. That share gives you the right to live in your specific home.
As a co-op owner, you’re also a member of the community and have a say in how it is run.Members elect a board of directors that helps make decisions for the property.
Your monthly co-op fees help cover the actual costs of operating and maintaining the property, such as maintenance, improvements, reserves and other shared expenses. Co-ops are generally designed to benefit the people who live there rather than outside investors.
The easiest way to think about it: You’re not just buying a home—you’re buying a share of the community that owns the property, and your share gives you the right to live in your home and participate in decisions about the community.
