Active
1902 & 2008 8 1/2 Street SE
Rochester MN, 55904
$6,500,000
$69.44 per sqft
Active
93,600 sqft
Commercial
Built in 1978
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.
6582454
MLSⓇ ID
August 7, 2024
Listed
October 2, 2024
Updated
Map
1902 & 2008 8 1/2 Street SE
Rochester MN, 55904
Interior Features
Total Stories
2
Appliances
Cooktop, Refrigerator
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
6.55 Acres
Roof
Age Over 8 Years
Sewer
City Sewer/Connected
School Information
School District
Rochester
Other Property Details
Taxes
$57,173
Tax Frequency
Annually
Days on Market
48
Garage
No
Parking
Paved, Unassigned, Open
View
No
County
Olmsted
Water Source
City Water/Connected
Pool
No
Courtesy of RE/MAX Results
If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Jake Huglen shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Northstar MLS. All rights reserved.
Data last updated 1:02 AM UTC, 10/2/2024