Marcus & Millichap closed the sale of a 20-townhome portfolio in New Richmond, Wisconsin, for $4.6 million. The portfolio consists of 20 townhomes on Norway Pine Circle. Built in 2016, all units are three-bedroom, two-bathroom homes. The property is located in the growing City of New Richmond in St. Croix County, about 40 miles from Minneapolis–Saint Paul.“Townhome portfolios in New Richmond rarely trade, as most are owned by individual homeowne…
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