537 Northern Hills Dr NE - Apartments FOR SALE


Rochester, MN 55906- North Rochester
$3,500,000 USD
507-550-1052
537 Northern Hills Dr NE, Rochester, MN for Sale
$3,500,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

537 Northern Hills Dr NE
Rochester, MN 55906
North Rochester


OVERVIEW

Rare opportunity to purchase an entire building with 32 individually titled condos! Has been operated long-term by the same owner as apartments, but the opportunity exists to sell condo units individually! Concrete construction provides a solid foundation to this building and excellent sound deadening between units! All units are 2 bedrooms with 800 sq ft and feature central heat/ac & laundry in unit!

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

32

PRICE/UNIT

$109,375

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1978

PARKING SPACES

25

LAND DETAILS

LAND ACRES

1.54 AC

LAND SF

67,118 SF

ZONING

-

APN/PARCEL ID

74.25.21.079706

ASK ABOUT THIS PROPERTY

Jon EspyInfinity Real Estate & Management GroupMore Info
507-550-1052

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Jon EspyInfinity Real Estate & Management GroupMore Info
507-550-1052

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