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BLVD Bella Vista LLC, registered in Minneapolis, closed Feb. 9 on the acquisition of the Bella Vista Apartments in New Hope for $2.9 million. The low-rise building consists of 24 two-bedroom apartments, with an average size of 900 square feet. The sale price works out to $121,250 per unit.
The current sellers, RST Holdings in Rochester, bought the property in 2020 for $2.65 million.
This article highlights the recent sale of the Bella Vista Apartments in New Hope for $2.9 million. The building consists of 24 two-bedroom apartments, and the sale price equates to $121,250 per unit. The current sellers, RST Holdings, purchased the property in 2020 for $2.65 million. The average sales price per unit for apartments in the Twin Cities metro area is $153,956.
