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Properties listed in New Ulm

Under Contract
Michel Commercial Real Estate is pleased to present the Linderhof Park Apartments, a 56-unit, HUD-subsidized Project Based Section 8 apartment complex in New Ulm. The Section 8 contract expires in April of 2024 and at that time, the property can become market rate. Linderhof Park has many community amenities, including on-site maintenance, a new playground, a basketball hoop, a pool, off-street parking, and laundry facilities on every floor. Every townhome-style unit has its own balcony, deck, or patio. Linderhof Park is located in New Ulm, a family-friendly city with rich cultural heritage less than 100 miles from central Minneapolis. Linderhof Park is just a few blocks from Cash Wide Foods and Washington Learning Center. There are several restaurants and shops within walking distance of the property. Linderhof Park is less than a mile from U.S. Highway 14 and 1.5 miles from a commercial center, featuring a Walmart, Aldi, Menards, and more. Linderhof Park Apartments offers a desirable mix of one-, two-, and three-bedroom units. All four buildings are well maintained, and the property has a history of strong, long-term occupancy and low vacancy rates. Because Linderhof Park is an HUD-subsidized property, all tenants are pre-screened, and the property generates stable income even during periods of recession. Linderhof Park Apartments is a steady investment opportunity in a lively small city with a robust manufacturing sector, good schools, and award-winning healthcare facilities.

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