Updated Oct 12, 2026
Monarch Investment & Management Acquires 599-unit Multifamily Portfolio In Waite Park, MN For $51.7M
813 Seventh St S,Waite Park, MN, 248 Third St S,Waite Park, MN & 406 Park Meadows Drive,Waite Park, MN
$51,700,000
Units
599
Asset Type
MultiFamily
Closing
Mar 17, 2023
About this deal
AI
The multifamily property located at 813 Seventh St S, 248 Third St S, and 406 Park Meadows Drive in Waite Park, MN has been sold. The property consists of 599 units and was purchased by Monarch Investment & Management. The sale was completed by Centerspace LP, represented by Mark Decker. The transaction was closed at a price of $51,700,000, with a price per unit of $86,311.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $51,700,000
- Units: 599
- Price per Unit: $86,311
- Market: Waite Park, MN
- Buyer: Monarch Investment & Management
- Seller: Centerspace LP - Mark Decker
Mark Decker, representing Centerspace LP, played a key role in the completion of the sale. Monarch Investment & Management took over ownership of the multifamily property located at 813 Seventh St S, 248 Third St S, and 406 Park Meadows Drive in Waite Park, MN.
On the Map
$51,700,000
MultiFamily
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Players
Waite Park MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.31%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93