120 & 124 W Hatting St - Apartments FOR SALE


Luverne, MN 56156
$8,500,000 USD
612-578-8820
120 & 124 W Hatting St, Luverne, MN for Sale
$8,500,000 USD
Apartments - FOR SALE
1/26
null | Request Cap Rate

120 & 124 W Hatting St
Luverne, MN 56156


HIGHLIGHTS

  • Award winning Green Certified apartment building recognized by the Dept of Energy.
  • 100% occupied with a waiting list.
  • Close proximity to Sioux Falls SD
  • Two energy efficient eco friendly assets completed in 2022

OVERVIEW

All showings are by appointment only! In 2022, Luverne, Minnesota welcomed two award-winning energy-efficient apartment buildings, each comprising 27 units. These pioneering structures are designed to meet the highest environmental standards, focusing on sustainability and energy efficiency. Both buildings are recognized by the Dept of Energy as an industry leader. Featuring advanced insulation materials, triple-glazed windows, and efficient HVAC systems. The buildings minimize energy loss and operational costs while ensuring comfort for residents year-round. Each unit is equipped with energy-efficient appliances and fixtures, contributing to their overall sustainability. Designed with a modern look that complements Luverne's architectural landscape, these apartments promote a healthy living environment with ample natural light and ventilation. Landscaped green spaces encourage community interaction and outdoor activities, fostering a strong sense of community among residents.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

54

PRICE/UNIT

$157,407

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prairie Lofts Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,539 SF

ZONING

-

APN/PARCEL ID

20-2138-000

ASK ABOUT THIS PROPERTY

Jeffrey StephensonEdina RealtyMore Info
612-578-8820

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Jeffrey StephensonEdina RealtyMore Info
612-578-8820

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.