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Multifamily

Cityside Townhomes

1402 S 4th St, Marshall, MN 56258

Listing Price: Request For Offer

Number of Units
50

Investment Overview

Marcus & Millichap is pleased to present Cityside Townhomes, a 50-unit Low Income Housing Tax Credit
(LIHTC) townhome community located in Marshall, Minnesota. The property is being offered for sale on a
free-and-clear basis.
Constructed in 1997, Cityside Townhomes rest on five acres and features 12 two-bedroom/one-and-ahalf-
bath townhome units at 960 square feet, 32 three-bedroom/one-and-a-half-bath townhome units at
1,150 square feet, and 6 four-bedroom/two-bathroom townhome units at 1,244 square feet. The homes
feature private entrances, dishwashers, and large walk-in closets. The community amenities include
off-street parking and detached garages, on-site professional maintenance, on-site laundry, and a
playground. The owner is responsible for water/ sewer and refuse.
Located on the southern side of the city, Cityside Townhomes is conveniently situated near parks, golf
courses, schools, and restaurants. Less than one mile away sits Freedom Park (0.4 miles) and Marshall Golf
Club (1.0 miles). Less than three miles away sits Marshall Middle School (1.6 miles), Brau Brothers Brewing
Company (1.4 miles), and Hy-Vee Grocery Store (1.6 miles), to name a few.
The city of Marshall, located in the southwestern part of Minnesota, is the county seat of Lyon County,
headquarters of the Schwan Food Company, and home of Southwest Minnesota State University
(SMSU). Lyon County comprises the Marshall, MN Micropolitan Statistical Area and has a population
of roughly 25,000 residents. Geographically, the area has a variety of rivers and lakes, as well as many
environmentally protected areas including Camden State Park.
Southwest Minnesota State University, located in the northeastern side of the city, is a publicly funded
liberal arts university which is home to roughly 8,700 students. The university offers a variety of
bachelor’s degrees in accounting and related services, agricultural business management, education,
health services, and business administration, to name a few. Graduate degrees and certificates are also
offered in programs featuring education and business administration.
Cityside Townhomes presents the opportunity to acquire a stable asset in the city of Marshall, Minnesota.

Investment Highlights

  • Fifteen Recently Remodeled Units
  • Asphalt/Sidewalks (2018/2019) | Entry Doors (2018/2019) | Garage Door Repairs/Replacements (2018/2019)
  • Landscaping, Refuse Enclosure, Playground (2018/2019) | Gutters (2023) | Exterior Lights (2023)

Exclusively Listed By

Financing By

Multifamily

Cityside Townhomes

Investment Highlights

  • Fifteen Recently Remodeled Units
  • Asphalt/Sidewalks (2018/2019) | Entry Doors (2018/2019) | Garage Door Repairs/Replacements (2018/2019)
  • Landscaping, Refuse Enclosure, Playground (2018/2019) | Gutters (2023) | Exterior Lights (2023)

Investment Overview

Marcus & Millichap is pleased to present Cityside Townhomes, a 50-unit Low Income Housing Tax Credit (LIHTC) townhome community located in Marshall, Minnesota. The property is being offered for sale on a free-and-clear basis. Constructed in 1997, Cityside Townhomes rest on five acres and features 12 two-bedroom/one-and-ahalf- bath townhome units at 960 square feet, 32 three-bedroom/one-and-a-half-bath townhome units at 1,150 square feet, and 6 four-bedroom/two-bathroom townhome units at 1,244 square feet. The homes feature private entrances, dishwashers, and large walk-in closets. The community amenities include off-street parking and detached garages, on-site professional maintenance, on-site laundry, and a playground. The owner is responsible for water/ sewer and refuse. Located on the southern side of the city, Cityside Townhomes is conveniently situated near parks, golf courses, schools, and restaurants. Less than one mile away sits Freedom Park (0.4 miles) and Marshall Golf Club (1.0 miles). Less than three miles away sits Marshall Middle School (1.6 miles), Brau Brothers Brewing Company (1.4 miles), and Hy-Vee Grocery Store (1.6 miles), to name a few. The city of Marshall, located in the southwestern part of Minnesota, is the county seat of Lyon County, headquarters of the Schwan Food Company, and home of Southwest Minnesota State University (SMSU). Lyon County comprises the Marshall, MN Micropolitan Statistical Area and has a population of roughly 25,000 residents. Geographically, the area has a variety of rivers and lakes, as well as many environmentally protected areas including Camden State Park. Southwest Minnesota State University, located in the northeastern side of the city, is a publicly funded liberal arts university which is home to roughly 8,700 students. The university offers a variety of bachelor’s degrees in accounting and related services, agricultural business management, education, health services, and business administration, to name a few. Graduate degrees and certificates are also offered in programs featuring education and business administration. Cityside Townhomes presents the opportunity to acquire a stable asset in the city of Marshall, Minnesota.

Exclusively Listed By

Financing By

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