612-805-5023
33 4th St SW, Rochester, MN for Sale
Apartments - FOR SALE
1/12
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33 4th St SW
Rochester, MN 55902
Downtown Rochester


HIGHLIGHTS

  • $2,038 Average Furnished Rent
  • 38.3% Premium Over Unfurnished Homes
  • +$577/ Month Additional Monthly Rent
  • Furnished Homes Currently in Operation

OVERVIEW

Michel Commercial is pleased to present The Hue, a 50-home apartment community located in downtown Rochester with ground-floor retail and Minnwest Bank as the tenant. Built in 2020, the property offers investors the opportunity to acquire a modern asset featuring in-unit laundry, rooftop deck and fire pit, underground parking, and a highly walkable location, with nearby skyway access to the Mayo Clinic. Skyway Connected to Mayo Clinic The Hue is ideally located, with nearby skyway access to the Mayo Clinic offering a highly desirable location for Mayo employees—including nurses, physicians, and medical residents—as well as long-term patients who require convenient access to ongoing treatment. Investment Potential The Hue is well-positioned to expand the numberof furnished homes to serve traveling healthcare professionals and patients requiring extended stays. The property currently offers three furnished homes that achieve an average rental premium of 38.3% (or $577 more per month) than unfurnished homes at the property, demonstrating the strong demand and income potential associated with increasing the number of furnished homes.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

50

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

6

YEAR BUILT

2020

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,560 SF

ZONING

CDC-CBD

APN/PARCEL ID

64.02.12.017784

ASK ABOUT THIS PROPERTY

Heidi AddoMichel Commercial Real EstateMore Info
612-805-5023

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Heidi AddoMichel Commercial Real EstateMore Info
612-805-5023

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