Listing Courtesy of: Mark Hulsey - RE/MAX Results
651-251-4800
$6,500,000
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1902 & 2008 8 1/2 Street Se Rochester, MN 55904
Low-Rise
Residence
Beds
Baths
93,600
Sq. Ft.
6.55
Acre
Lot
Property Activity
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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 bu...ildings (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.
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MLS#
6582454
Property Type
Low-Rise
Year Built
1978
Square Feet
93,600
sq. ft
Lot Size
6.55
Stories
2.0
Sewer
City Sewer
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