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Category Archives: Sales Market Updates
MSP Quarterly: 2-3 Unit Sales
Minneapolis 2-3 Unit Sales – Where are they going? The housing market has been anything but predictable in recent years. Everyone would like to know where the market is going. InvestProp once again researched the issue pertaining specifically to the … Continue reading
Posted in Sales Market Updates
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Annual Update: 5-25 Units in Mpls
InvestProp will be providing market research to the blog in the form of 4 quarterly reports throughout the year and 1 annual report on the previous year. Each of these reports will focus on 2-3 unit, 4 unit, and 5-25 … Continue reading
Posted in Sales Market Updates
Tagged 5-25 units, comparable sales, distress, minneapolis
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MSP Quarterly: 4-Plex Sales
Minneapolis 4-Plex Sales – Distressed Sales are still the majority, but are rapidly decreasing in the market Investors, banks and owners are trying to understand how the multifamily market is doing in 2011 and where the multifamily market is heading. … Continue reading
Posted in Sales Market Updates
Tagged 4 plex, 4-plex sales, distressed sales, minneapolis, real estate market
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SOLD: 24 unit apartment building in Mound, Minnesota
In June 2011, Brad Schaeppi successfully brokered the sale of Langdon Lake Apartments in Mound, MN with George Zeller of Welsh Companies. The Property transacted for $1,190,000 (or just under $50,000/unit) to a first time local buyer all-cash. Contact Brad … Continue reading
SOLD: 18 Unit South Minneapolis Apartment Building
In May 2011, Brad Schaeppi brokered the sale of the Antonoff, an 18 unit apartment building in South Minneapolis. The property sold for $780,000 or $43,333 per unit. The buyer 1031 exchanged into the property and financed the property with … Continue reading
Posted in InvestProp News, Sales Market Updates
Tagged Bank Financial, financing, minneapolis, sales comparable
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