REBusinessOnline

34-UNIT MULTIFAMILY PROPERTY TRADES HANDS IN MINNESOTA

ROSEVILLE, MINN. — Local multifamily investor Tom Thul has acquired Roseville Arms Apartments, a 22,000-square-foot multifamily complex located at 160 and 170 Elmer St. in Roseville. The complex features 34 one-bedroom units and is currently 92 percent occupied. JTHC Properties sold the property for $1.75 million or $51,529 per unit. Lance Steiger and Scott Pollock of NorthMarq’s investment sales team represented the seller in the transaction.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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