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Property profile & analytics
OFF-MARKET
Apartment buildings

120 Hatting St Luverne, MN 56156

54,000 SF 2.53 ac lot Built 2022
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents two state-of-the-art, energy-efficient apartment buildings located at 120 & 124 W Hatting Street in Luverne, Minnesota. Boasting a combined 54,000 square feet across 54 units (27 units per building), these properties sit on a generous 2.53-acre lot. Completed in 2022, these buildings represent a cutting-edge approach to sustainable living, earning recognition from the Department of Energy as industry leaders in energy efficiency. The design incorporates advanced insulation, triple-glazed windows, and high-efficiency HVAC systems, resulting in significantly reduced energy consumption and operational costs. Each unit is equipped with energy-efficient appliances and fixtures, further enhancing sustainability. The modern architectural design seamlessly integrates into Luverne's landscape, while the ample natural light and ventilation promote a healthy living environment for residents. Well-maintained landscaped green spaces provide attractive communal areas, encouraging resident interaction and outdoor activities. Offered at $8,500,000, this property presents a rare chance to acquire a high-performing, environmentally conscious multi-family investment in a desirable location. The buildings' superior energy efficiency translates to lower operating expenses and increased profitability, making this an attractive proposition for discerning investors seeking a sustainable and financially sound investment.

Property profile
Verified
Property type Apartment buildings
Year built 2022
Total area 54,000 SF
Lot 2.53 ac (110,207 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • PrairiE Lofts Apartment Complex
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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