136
HUDSON, WIS. — Marcus & Millichap has brokered the $6.3 million sale of a 38-unit multifamily portfolio in Hudson, about 30 miles east of Minneapolis. The portfolio consists of 34 two-bedroom units and four one-bedroom units, with assigned garages for 10 residents. Scott Anderson of Marcus & Millichap represented the seller, a Wisconsin-based investment group, and procured the buyer, a Wisconsin-based syndication. The City of Hudson continues to command the highest rents in western Wisconsin due to its proximity to the Twin Cities and its favorable cost-to-value position compared with the Minnesota side of the border, according to Anderson.