Marcus & Millichap closed the sale of 3637 Bellaire Avenue, an 18-unit multifamily property in White Bear Lake, Minnesota, for $2.455 million.
Evan Miller and Chris Collins, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, Bellaire Apartments, LLC.
Built in 1968, the property consists of 18 two-bedroom, one-bath units averaging 900 square feet. The 16,200-square-foot building has been self-managed and well-maintained by the same ownership for 14 years. Located four miles from downtown White Bear Lake, the property offers residents convenient access to the lake and surrounding amenities.
