Property for Sale in Rochester
1902 & 2008 8 1/2 SE Street
Rochester, MN 55904

Price
6,395,000

MLS #
6633791

Status
Active


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Property Details

Year Built
1978

Parking Features
Paved,Unassigned,Open

Zoning
Business/Commercial, Residential-Multi-Family

2024 Property Taxes
$57,173

School District
Rochester

County
Olmsted


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 5.45 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.


Highway 14 and College Dr SE to 8 1/2 St SE.


Highway 14 and College Dr SE to 8 1/2 St SE.

Features


Utilities
Electric Separate,Heating Separate,Hot Water Separate

Heating
Baseboard

Sewer
City Sewer/Connected

Water
Public

Additional Info


Includes
Cooktop,Refrigerator

Listed By
Mark Hulsey of RE/MAX Results

Listed
11/21/24 and last updated 11/21/24

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Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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