DESCRIPTION

This income producing portfolio is available and 100% rented. If you are looking for a great location to invest come and tour these four properties all in a row. The property features a duplex, triplex, and two single family homes. The future of the area could produce a great development site. Located near bike paths, grocery stores, and more. Within .6 miles of the Mayo Clinic Campus. The property was renovated in 2019 on the interiors.

KEY DETAILS
  • Price:
  • $1,200,000
  • Bedrooms:
  • 7
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 0.69
  • Year Built:
  • 1947
  • MLS #:
  • NST5758635
  • Street Address:
  • 305 Nw 11 Ave NW
  • City:
  • Rochester
  • State:
  • MN
  • Postal Code:
  • 55901
  • County:
  • Olmsted
  • Subdivision:
  • Cascade Manor
  • Listing Status:
  • For Sale - Active

Building

  • Basement Description:
  • Unfinished
  • Construction Type:
  • Stucco, Vinyl Siding
  • Has Handicap Features:
  • Partially Wheelchair
  • Number Of Units:
  • 7
  • Year Built:
  • 1947

Business

  • Annual Electric Expenses:
  • 146
  • Annual Insurance Expenses:
  • 2904
  • Annual Maintenance Expenses:
  • 1800
  • Annual Trash Expenses:
  • 1400.04
  • Annual Water/Sewer Expenses:
  • 146
  • Gross Income:
  • 103740
  • Net Operating Income:
  • 76120

Land

  • Lot Features:
  • Corner Lot
  • Lot Measurement Type:
  • Square Feet
  • Zoning Description:
  • Business/Commercial

Listing

  • Association Amenities:
  • Coin-Op Laundry Owned
  • Days On Market:
  • 135
  • Included In Sale:
  • Land, Rental License
  • Originating Mls:
  • Northstar

Money

  • Owner Pays:
  • Taxes, Insurance, Other
  • Property Taxes:
  • $11,520
  • Tax Year:
  • 2020

Structures

  • Garage Parking Spaces:
  • 7
  • Parking Description:
  • Detached, Gravel

Systems

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

Units

  • Unit 1 Total Bedrooms:
  • 2
  • Unit 1 Type:
  • Unit 1
  • Unit 2 Total Bedrooms:
  • 3
  • Unit 2 Type:
  • Unit 2
  • Unit 3 Total Bedrooms:
  • 2
  • Unit 3 Type:
  • Unit 3
  • Unit 4 Type:
  • Efficiencies

Source

  • Listing Provided By Realty Growth Inc.

    Search homes and exclusive property listings
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SCHOOL RATINGS
n/a

ELEMENTARY SCHOOL DISTRICT: 535

n/a

HIGH SCHOOL DISTRICT: ROCHESTER

NOTES

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