For Sale: Rochester MLS# 6616538
Active
$749,900
Commercial: Apartments
Built 1920
0.14 acres
Rochester schools
MLS# 6616538
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Property Description
Introducing a spacious 6-plex building ideally located within walking distance to Saint Mary's! This well maintained property features six rented units, offering a steady stream of income for savvy investors. With five additional parking spaces, and the high demand for parking downtown, this is an added bonus to the investor.
Each unit provides generous living space and modern amenities, making it an attractive choice for tenants. The prime location ensures easy access to local shops, restaurants, and public transportation, enhancing its desirability.
Don't miss this exceptional investment opportunity in a thriving neighborhood! Contact us today for more
details or to arrange a viewing.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$749,900
Property Type:
Commercial
City:
Rochester
Garage Spaces:
3
County:
Olmsted
Year Built:
1920
State:
MN
Property Style:
Apartments
Zip Code:
55902
Subdivision Name:
Kutzkys Add Aw
Exterior
Garage Spaces:
3
Other Parking Spaces:
2
Air Conditioning:
Window Unit(s)
Foundation Size:
1,952 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Detached
- Paved
Exterior Material:
Stucco
Lot & Land
Acres:
0.14
Geolocation:
44.02287, -92.483247
Inclusions:
Building, Fixture/Equipment, Leases, Rental License
Lot Dimensions:
49 x 129
Zoning:
Other
Schools
School District:
535
District Phone:
507-328-3000
Expenses
Annual Gross Expense:
$22,248
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,886
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,882
Income
Annual Gross Income:
$94,764
Rent
Annual Net Income:
$72,516
Units
Total Units:
6
Miscellaneous
Current Use:
- Other
- Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
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This amortization schedule shows how much of your monthly payment will go towards the principle and how
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| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
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.