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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.PROPERTY FEATURES
PROPERTY DETAILS
Street Address: 1902 & 2008 8 1/2
City: Rochester
State: Minnesota
Postal Code: 55904
County: Olmsted
MLS Number: 6582454
Courtesy of RE/MAX Results
City: Rochester
State: Minnesota
Postal Code: 55904
County: Olmsted
MLS Number: 6582454
Courtesy of RE/MAX Results
Courtesy of Realty Growth Inc.