DESCRIPTION

This one of a kind investment is in the heart of Downtown Rochester and available for purchase. Recently renovated from top to bottom. This 62 residential unit property provides short term and long term housing in the community. The building has a very clean, modern, and comfortable feel. Investors could look at self-managing this property and making it a profitable venture for them or hiring out a management company. The property does have 8 parking spaces, coin-operated laundry, and common kitchen spaces. The units are fully furnished and the furniture would be included in the sale. Please inquire to set up a private tour. Please do not arrive at the building without an appointment. Looking for a turn-key opportunity in the Destination Medical Center this is your chance.

KEY DETAILS
  • Price:
  • $6,000,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 0.18
  • Year Built:
  • 1920
  • MLS #:
  • NST5616117
  • Street Address:
  • 101 E Center St
  • City:
  • Rochester
  • State:
  • MN
  • Postal Code:
  • 55904
  • County:
  • Olmsted
  • Subdivision:
  • Original City Of Roch-Pt Torre
  • Listing Status:
  • For Sale - Active

Building

  • Basement Description:
  • Full, Finished
  • Construction Type:
  • Brick/Stone
  • Number Of Units:
  • 62
  • Stories:
  • Three Or More
  • Type Of Roof:
  • Flat
  • Year Built:
  • 1920

Business

  • Annual Electric Expenses:
  • 25109.34
  • Annual Insurance Expenses:
  • 9603
  • Annual Trash Expenses:
  • 3897.6
  • Gross Income:
  • 502089
  • Net Operating Income:
  • 391008.69

Land

  • Existing Land Use:
  • Residential
  • Lot Features:
  • Corner Lot
  • Lot Measurement Type:
  • Acres
  • Road Frontage Type:
  • City Street
  • Zoning Description:
  • Business/Commercial

Listing

  • Association Amenities:
  • Coin-Op Laundry Owned, Security, Concrete Floors & Walls
  • Days On Market:
  • 5
  • Included In Sale:
  • Business, Fixture/Equipment, Building, Land

Location

  • Street Direction Prefix:
  • E
  • Street Type:
  • Street
  • Subdivision:
  • Original City Of Roch-Pt Torre

Money

  • Property Taxes:
  • $26,736
  • Tax Year:
  • 2019

Structures

  • Garage Parking Spaces:
  • 1
  • Parking Description:
  • Asphalt

Systems

  • Appliances:
  • Range, Microwave, Refrigerator, Freezer, Washer, Dryer
  • Cooling System:
  • Wall Unit(s)
  • Existing Water:
  • City Water/Connected, City Water - In Street
  • Heating:
  • Forced Air
  • Sewage Type:
  • City Sewer/Connected

Source

  • Listing Provided By Realty Growth Inc.

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SCHOOL RATINGS
n/a

ELEMENTARY SCHOOL DISTRICT: 535

n/a

HIGH SCHOOL DISTRICT: ROCHESTER

NOTES

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