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Prairie Lofts Apartments 120 & 124 W Hatting St

54 Unit Apartment Building $12,648,737 CAD ($234,236 CAD/Unit) Luverne, MN 56156

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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

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	$12,648,737 CAD	Building Class	B
Price Per Unit	$234,236 CAD	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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style	Low Rise

Price	$12,648,737 CAD
Price Per Unit	$234,236 CAD
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 State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.