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Prairie Lofts Apartments 120 & 124 W Hatting St 54 Unit Apartment Building $7,950,000 ($147,222/Unit) Luverne, MN 56156
INVESTMENT HIGHLIGHTS
- Award winning Green Certified apartment building recognized by the Dept of Energy.
- Close proximity to Sioux Falls SD
- 100% occupied with a waiting list.
- Two energy efficient eco friendly assets completed in 2022
EXECUTIVE SUMMARY
All showings are by appointment only! In 2022, Luverne, Minnesota welcomed two award-winning energy-efficient apartment buildings, each comprising 27 units. These pioneering structures are designed to meet the highest environmental standards, focusing on sustainability and energy efficiency. Both buildings are recognized by the Dept of Energy as an industry leader. Featuring advanced insulation materials, triple-glazed windows, and efficient HVAC systems. The buildings minimize energy loss and operational costs while ensuring comfort for residents year-round. Each unit is equipped with energy-efficient appliances and fixtures, contributing to their overall sustainability. Designed with a modern look that complements Luverne's architectural landscape, these apartments promote a healthy living environment with ample natural light and ventilation. Landscaped green spaces encourage community interaction and outdoor activities, fostering a strong sense of community among residents.
PROPERTY FACTS
| Price | $7,950,000 | Building Class | B |
| Price Per Unit | $147,222 | Lot Size | 0.93 AC |
| Sale Type | Investment | Building Size | 54,000 SF |
| No. Units | 54 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF - Multi-Family Residential | ||
| Price | $7,950,000 |
| Price Per Unit | $147,222 |
| Sale Type | Investment |
| No. Units | 54 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.93 AC |
| Building Size | 54,000 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
| Zoning | MF - Multi-Family Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer
- Kitchen
- Refrigerator
- Oven
- Sprinkler System
- Freezer
SITE AMENITIES
- Package Service
- Walking/Biking Trails
- Car Charging Station
- Elevator
- Green Community
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 556 |
| 2+1 | 24 | - | 790 |
| 2+2 | 18 | - | 824 - 896 |
1 1
PROPERTY TAXES
| Parcel Number | 20-2138-000 | Improvements Assessment | $4,024,200 |
| Land Assessment | $202,000 | Total Assessment | $4,226,200 |
PROPERTY TAXES
Parcel Number
20-2138-000
Land Assessment
$202,000
Improvements Assessment
$4,024,200
Total Assessment
$4,226,200
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Prairie Lofts Apartments | 120 & 124 W Hatting St
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