Marcus & Millichap negotiated the sale of Krystal Kourt Apartments, a 36-unit multifamily property in Crystal, Minnesota, for $2.97 million.
Abe Roberts and Michael Jacobs, investment specialists in Marcus & Millichap’s Minneapolis office, had the exclusive listing to market the property on behalf of the seller, Krystal Kourt, LLC, and procured the buyer, Park Place Off Broadway, LLC.
Krystal Kourt Apartments is situated on 2.43 acres at 5930 W. Broadway. Built in 1966, the property features a mix of 18 one-bedroom and 18 two-bedroom units across 29,700 rentable square feet. The community is directly across from Broadway Park and less than one mile from the West Broadway and Bass Lake Road retail corridors.
