For Sale: Rochester MLS# 7158331
Active
NEW!
$975,000
Commercial: 2 Stories
14 br • 8 ba • Built 1968
0.43 acres
Rochester schools
MLS# 7158331
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Property Description
Located in a convenient area of Rochester with close proximity to downtown, these 2 four-unit multifamily properties offer an excellent opportunity for investors seeking established rental income. Each of the 4 unit buildings feature three two-bedroom units and one one-bedroom unit, along with an on-site laundry room and a detached garage providing one parking stall for each unit. With 100% occupancy and a strong rental history, these properties offer an established investment with existing tenants and income in place. These 2 4 unit properties next door to each other provide investors an opportunity to acquire two adjacent multifamily properties in a desirable Rochester location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$975,000
Property Type:
Commercial
City:
Rochester
Garage Spaces:
8
County:
Olmsted
Year Built:
1968
State:
MN
Property Style:
2 Stories
Zip Code:
55904
Subdivision Name:
Meadow Park Resub B-Torrens
Interior
Bedrooms:
14
Bathrooms:
8
Exterior
Stories:
Two
Garage Spaces:
8
Garage Dimensions:
20'x40'
Garage Size:
1,600 ft2
Foundation Size:
1,760 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
Shared Garage/Stall
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.43
Geolocation:
44.004133, -92.45531
Inclusions:
Building
Lot Dimensions:
130 x 154 x 130 x 147
Zoning:
Residential-Multi-Family
Schools
School District:
535
District Phone:
5073283000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$6,460
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$6,460
Income
Annual Gross Income:
$108,600
Rent
Annual Net Income:
None
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of eXp Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.