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

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