Investment Overview

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 percent, 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 percent 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.