Available For Sale - Multifamily

9,321 SF | Show Pricing $

AVAILABILITY DETAILS

Size
9,321 SF
Price/SF
Show Pricing $
Listing ID
SA434491
Notes
Multifamily Portfolio of properties listed for sale with 100% Occupancy and development potential! This portfolio includes 2 single family homes, one duplex, and triplex. The current occupancy as of September 2019 is 100% occupied. The properties were remodeled in 2018 with updated bathrooms, kitchens, flooring, and paint. The renovation took place in each individual property. Each property does have garage’s that allow for indoor parking for the resident’s on site. These properties are in a rapidly developing area - Just to the South a multi-million dollar hotel development is under construction at the intersection of 2nd Street SW and 11th Ave. To the North, we have seen investment from owner’s such as United Properties that acquired the 46,590 Square foot shopping center in 2017. Development potential does exist at this site as the parcels combined are approximately 29,962 Square feet according to Olmsted County Property Records. The property is currently zoned B-1 (RESTRICTED COMMERCIAL DISTRICT). If you are interested in the potential of development the team would be happy to discuss this opportunity with you. Just to the South of Walgreen's Pharmacy, Kwik Trip, Forager Brewery, and Hyvee. Less than 3/4 of a mile from Highway 52, which boasts 63,000 vehicles per day (VPD) Less than 3 miles from the Rochester Technology Campus, a 490 acre campus with 34 buildings. About 1 mile from the Mayo Clinic Hospital, and .4 Miles from Saint Mary's Campus, a 1,265 bed hospital and included the nation's largest intensive care unit’s. About 2.5 miles from Apache Mall, Rochester's largest enclosed mall that features 82 tenants across 750,000 SQ FT
Uses
Multifamily

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Bucky Beeman, Realty Growth Inc
BRE# 40149580