Call Us Contact
How does the pandemic impact me?

My notes for this property

Add listing to my favorites (required)
/mo   Edit
MLS# 5616117
Built 1920
0.18 acres
Rochester schools
My rating:
Request a Showing:
Ask the Agent

Ask the Agent

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Thank You!

    An agent will be in contact with you soon to answer your question.

    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.
    List Price: $6,000,000
    Sold Date: 0000-00-00
    Price/sq ft: None
    Property Type: Commercial
    Listing Status: Active
    Contingency: None
    Year Built: 1920
    City: Rochester
    County: Olmsted
    State: MN
    Zip Code: 55904


    Building Fin Sq Ft: 19,008 ft²
    Appliances Included: Range, Microwave, Refrigerator, Freezer, Washer, Dryer
    Basement Details: Full, Finished (Livable)


    Air Conditioning: Wall
    Heating System: Forced Air
    Foundation Size: 4,770 ft²
    Shared Amenities: Coin-op Laundry Owned, Security Building, Concrete Floors & Walls
    Road Frontage: City
    Handicap Accessible: None
    Exterior Material: Brick/Stone
    Garage Spaces: 1
    Other Parking Spaces: 8
    Roof Details: Flat


    Shared Rooms: Community Room


    Acres: 0.18
    Lot Description: Corner Lot
    Latitude: 44.02377000
    Longitude: -92.46130700
    Lot Size Dim.: 128 x 58
    Dev/Complex Name: Original City Of Roch-Pt Torre
    Zoning: Business/Commercial


    School District: 535 - Rochester
    District Phone: 507-328-3000


    Annual Electric Expense: $25,109
    Annual Fuel Expense: $3,597
    Annual Insurance Expense: $9,603
    Annual Gross Expense: $111,080
    Annual Trash Expense: $3,898

    Financial & Taxes

    Tax Year: 2019
    Annual Taxes: $26,736
    Assessment Pending: Unknown
    Taxes w/ Assessments: $26,736


    Annual Gross Income: $502,089


    Annual Net Income: $391,009


    Total Units: 62


    Current Use: Residential
    Fuel System: Electric
    Sale Includes: Business, Fixture/Equipment, Building, Land
    Sewer System: City Sewer/Connected
    Utilities: Heating Common, Electric Common, Hot Water Common
    Water System: City Water/Connected, City Water - In Street

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Get to know our Home Mortgage Professionals

    Jeff Zajac
    Area Sales Manager
    TruStone Home Mortgage NMLS#373627
    Jeff Zajac joined the Mortgage Lending Services team in 2014. With more than 10 years experience in the mortgage industry, Jeff is an expert in VA, FHA, conventional and construction loans. Jeff was one of the top five producers in the state of Minnesota in 2013. Jeff holds a bachelor's degree in economics and business administration from Augsburg College and participates in the Real Estate Investment Professionals business networking group. In his free time, Jeff spends his days as a youth hockey referee and coach.

     Residential Loan Pre-Qualification Form

    To get started on your loan pre-qualification, please complete the form below. A loan officer will need to gather additional information in order to determine your eligibility for a loan.


    I would like to get pre-qualified:  

    I am interested in buying:  

    I plan to use my new home as:  

    I want to finance using:  

    Loan term:  

    I am interested in down payment assistance:  

    Down payment amount:  

    I am married:  

    I am currently renting:  

    My credit score:  


    Listing provided by RMLS, courtesy of Realty Growth Inc..
    Disclaimer: The information contained in this listing has not been verified by and should be verified by the buyer.