Marcus & Millichap brokered the sale of a 15-townhome portfolio in New Richmond and Roberts, Wisconsin, for $3.65 million, to an all-cash, out-of-state buyer.
Scott Anderson, a multifamily investment specialist in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the in-state seller and procured the out-of-state buyer.
The subject portfolio is located approximately 40 miles from Minneapolis-St. Paul, consisting of 15 three-bedroom, two-bathroom townhomes across 22,500 rentable square feet. Built in 2018-2019, each unit includes an attached two-car garage, covered front porch, concrete patio and dedicated green space, a rare find for investors to acquire this volume of townhomes in a portfolio sale in this area.
