Hillside Apartments 219 7th St N Immeuble residentiel 96 lots 6 990 057 € (72 813 €/Lot) Sartell, MN 56377

Marcus & Millichap, as the exclusive listing broker, is pleased to present Hillside Apartments, a 96-unit multifamily property located in Sartell, Minnesota. This property is being offered for sale on a free-and-clear basis.
Sartell, Minnesota, has experienced significant economic growth and diversification in recent years. The city boasts a low unemployment rate of 4.7%, and a median household income of $77,465, both surpassing national averages. Key industries driving this economic expansion include healthcare, manufacturing, and retail. CentraCare, a prominent regional healthcare provider, has been instrumental in attracting related businesses and services to the area. Manufacturing also plays a vital role, with companies like DeZURIK, a valve manufacturing firm, contributing significantly to local employment and economic activity. Additionally, the retail sector has flourished, offering a variety of shopping options that cater to the community’s needs.
Sartell’s strategic location, just north of St. Cloud, enhances its appeal to businesses and residents alike. The city offers a cost of living approximately 6.3% lower than the national average, making it an attractive destination for families and professionals. Ongoing urban development initiatives aim to further enrich the community, including plans for a new downtown area and expanded retail opportunities. These efforts, combined with a strong emphasis on public safety and community well-being, position Sartell as a city with a promising and sustainable economic future.
Hillside Apartments features an all two-bedroom unit mix with condo quality build and large balconies. The property has held historically high occupancy as well as year over year rent growth.