Marcus & Millichap facilitated the sale of Hillcrest Apartments, a 23-unit apartment property in Le Sueur, Minnesota. The property sold for $1.7 million, $73,913 per unit.
Chris Collins, Evan Miller, Matt Shide, Zack Olson and Eric Wagner, investment specialists in Marcus & Millichap’s Minneapolis office, exclusively represented the seller and secured the buyer, both Minnesota-based limited liability companies.
Hillcrest Apartments is situated on 1.14 acres at 500 Boright St. The property features one- and two-bedroom units across 15,842 rentable square feet. Built in 1969, several units have been updated with new countertops and laminate wood flooring. Additional improvements include a new dual boiler, and 12-car garage.
