1902 & 2008 8 1/2 Street SE Rochester, MN 55904 Listing ID: 6582454
Property Description
80 Unit Multifamily Investment Opportunity in the heart of highly desirable Rochester. This offering features 10 buildings, totaling 80 units with 76 actively online. The properties are stable, but still offer value add potential with below market rental rates and the ability to build another 4-5 buildings (with necessary approvals). Current ownership remodeled most all of the units since their acquisition in 2016. Properties are enrolled in the 4(d) affordable housing program. Built in 1979 with 93,600 square feet, 2 adjacent parcels on 6.55 acres offering an ideal blend of space and comfort for residents. The portfolio totals 80 units, comprised of 75 units with 3 beds and 2 baths and 5 units have 2 beds and 2 baths. all buildings are similar with solid construction and quality finishes throughout. Zoning is R3 Medium Density Residential.
View MapPrimary Features
Olmsted
Rochester
1978
46 yrs old
Apartment, Low Rise
Commercial Sale
594x404
6.55 acres
$57,173
Additional Features
Full, Slab
Vinyl Siding
1.00
Natural Gas
Baseboard
6
City Sewer/Connected
Cavalier Condos
2024
Electric Separate, Heating Separate, Hot Water Separate
City Water/Connected
Business/Commercial, Residential-Multi-Family
Includes
Cooktop, Refrigerator, Building, Fixture/Equipment, Land, Leases, Rental License
Directions
Highway 14 and College Dr SE to 8 1/2 St SE.
Listing Agency
Listing courtesy of
RE / Max Results
(651) 251-4800
Broker Compensation (view terms): 2.40%
Broker Compensation
This compensation is available from the listing broker or seller to a broker working with the buyer, but any compensation must be negotiated into a written agreement before a broker is entitled to it.The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than WESTconsin Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.
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