120 & 124 W Hatting St - Apartments FOR SALE


Luverne, MN 56156
$7,000,000 USD
605-336-7600
120 & 124 W Hatting St, Luverne, MN for Sale
$7,000,000 USD
Apartments - FOR SALE
1/16
null | 5.93% 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

Market multifamily property built in 2023. Assumable HUD LOAN, Originated May 15, 2025, $5,360,000, 5.46%, 35 Year Term and Amortization. Constructed with ecofriendly, environmentally conscious and energy efficient design. Built to EnergyStar, Indoor AirPlus and Zero Energy Ready Home Standards. Landlord pays all utilities (gas, electric, water/sewer) and trash. EV charging stations, elevators, in-floor radiant heat, patio/balcony, granite countertops, in-suite washer/dryer, dishwasher are just a few of the amenities available.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$130 USD /SF

# OF UNITS

54

PRICE/UNIT

$129,630

CAP RATE

5.93%

% 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

70

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,539 SF

ZONING

MF

APN/PARCEL ID

20-2138-000

ASK ABOUT THIS PROPERTY

Nick GustafsonBender Commercial Real Estate ServicesMore Info
605-336-7600

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Nick GustafsonBender Commercial Real Estate ServicesMore Info
605-336-7600

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