SOLD
MW Minnesota Acquires West Bay Terrace MultiFamily In Duluth For $8M
822 Baylis Street
MultiFamily
Sold 316 days ago
Summary
Sale
MINNESOTA
MultiFamily
A multi-housing community in Duluth, Minnesota, known as West Bay Terrace, has been sold for a price of $8,000,000. The 111-unit property offers one and two-bedroom apartments with large balconies and patios that provide lake views. The buyer, MW Minnesota, a St. Cloud-based company, plans to make various upgrades to the property in order to increase its value and attract new tenants. This sale adds to the growing real estate transactions in the Duluth area, as the demand for housing continues to rise.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $8,000,000
- Address: 822 Baylis St, Duluth
- Market: Duluth
The sale of West Bay Terrace was facilitated by brokers Adam Haydon, Dan Linnell, Mox Gunderson, and Josh Talberg, representing JLL.
Players
All
5
Agents
4
Agencies
1
Details
SOLD
IMAGE: Adam Haydon, Dan Linnell, Mox Gunderson, Josh Talberg
DATE: undefined
ADDRESS: 822 Baylis St
MARKET: Duluth
ASSET TYPE: MultiFamily
BROKERS: Adam Haydon - JLL, Dan Linnell - JLL, Mox Gunderson - JLL, Josh Talberg (@JoshTalberg) - JLL
SALE PRICE: $8,000,000
NOTE: A multi-housing community in Duluth, Minnesota, has been sold for $8 million. The 111-unit property, known as West Bay Terrace, was purchased by St. Cloud-based company, MW Minnesota. The community offers one and two-bedroom apartments, featuring large balconies and patios with lake views. The new owner plans to implement various upgrades to the property in order to increase its value and attract new tenants. This sale is one of several recent real estate transactions in the Duluth area, as demand for housing continues to rise.View on map
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Address822 Baylis Street
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