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120 & 124 W Hatting St
Luverne, MN 56156

$7,000,000 USD

Apartments For Sale • 54,000 SF

Property Details

Property Type Apartments
Total Building Size 54,000 SF
Lot Size 0.93 AC
Building Class B
Year Built 2022
Cap Rate 5.93 %
Zoning MF

30 Walk Score

                
                    Highlights
                
                                Award winning Green Certified apartment building recognized by the Dept of Energy.
                            
                                100% occupied with a waiting list.
                            
                                Close proximity to Sioux Falls SD
                            
                                Two energy efficient eco friendly assets completed in 2022

Property Flyers

120 & 124 W Hatting St, Luverne (Prairie Lofts Apts)

Financial Summary (Proforma)

Net Operating Income: $415,009 USD (2026)

Cap Rate:	5.93 %
Total Expenses:	$447,855 USD

Amenities

Air Conditioning
Dishwasher
Disposal
Washer/Dryer
Package Service
Walking/Biking Trails
Kitchen
Refrigerator
Oven
Sprinkler System
Car Charging Station
Elevator
Freezer
Green Community

Public Transportation

Airport	Drive	Walk	Distance
Joe Foss Field	50 min	-	32.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	70
Type:	Surface
Included in Rent:	Yes

Nick Gustafson 605-336-7600 Bender Commercial Real Estate Services

120 & 124 W Hatting St Luverne, MN 56156