Brisky Commercial announced the sale of a 24-unit multifamily property in Wadena, MN. The asset sold on May 6th for $1,125,000. Broker Brian Brisky had the exclusive listing to market the property on behalf of the seller, a limited liability company. The buyer, a limited liability company, was represented by Dave Keller of Pifer’s Auction & Realty. The subject property is located at 106, 114 and 122 SW 5th Street in Wadena, MN and sold at 96% of its list price.
The Meadowbrook Apartments are located in the great college town of Wadena, MN, just across the street from the brand new multi-million dollar Minnesota State Community and Technical College building. The apartments had extensive capital improvements in 2010, allowing for a seamless transition.