1935 2nd St SW - Apartments FOR SALE


Rochester, MN 55902- Uptown Rochester
$6,500,000 USD
507-259-6556
1935 2nd St SW, Rochester, MN for Sale
$6,500,000 USD
Apartments - FOR SALE
1/18
null | Request Cap Rate

1935 2nd St SW
Rochester, MN 55902
Uptown Rochester


OVERVIEW

Introducing an outstanding investment opportunity in the heart of Uptown, Rochester, MN. The property at 1935 2nd St SW presents a meticulously maintained 27,664 SF multifamily/mid-rise building, comprising 26 units constructed in 2019. Zoned MXT-NOD, this high-demand asset boasts 100% occupancy, offering an immediate and steady return on investment. With modern amenities and a prime location, this property is primed for long-term financial success in a thriving rental market. Don't miss the chance to add this exceptional investment to your portfolio in one of the most sought-after areas for multifamily developments. Discover the vibrant Uptown neighborhood of Rochester, MN, a sought-after location for multifamily/mid-rise investors. The area surrounding The Gryff is synonymous with convenience and community. Residents can stroll to local boutiques, trendy eateries, and popular entertainment venues. The proximity to parks and green spaces offers a balance of urban living and outdoor recreation. Adjacent to renowned medical facilities and top employers, the location presents a compelling investment opportunity. With a thriving rental market and strong tenant demand, The Gryff is poised as a prime addition to your investment portfolio in this dynamic and desirable locale.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

26

PRICE/UNIT

$250,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Gryff Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2019

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,631 SF

ZONING

-

APN/PARCEL ID

74.34.34.084753

ASK ABOUT THIS PROPERTY

AJ HawkinsNorth Rock Real Estate, LLCMore Info
507-259-6556

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AJ HawkinsNorth Rock Real Estate, LLCMore Info
507-259-6556

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.