For Sale: Rochester MLS# 6698192
Active
$439,000
Multi-family: Four Plex
Built 1968
5,040 sqft • 0.31 acres
Rochester schools
MLS# 6698192
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Property Description
Exceptional investment opportunity! Nestled on a beautifully maintained corner lot at the end of a quiet cul-de-sac, this fully occupied 4-plex offers the perfect blend of stability, income, and future potential. Pride of ownership shines throughoutâ??from the meticulously cared-for exterior to the recent updates, including a brand new boiler in 2017 and a roof and gutter replacement in 2016, providing peace of mind for years to come.
Residents enjoy the convenience of a spacious 4-car garage with a durable, maintenance-free steel roof, on-site coin-operated laundry facilities, and an additional storage shedâ??enhancing both comfort and practicality. The propertyâ??s stellar rental history and remarkably low vacancy rate underscore its appeal and reliability as a long-term asset.
With untapped potential to boost returns through strategic rent increases and added parking charges, this property is poised to deliver impressive cash flow and value growth. Whether youâ??re a seasoned investor or just starting your real estate journey, this rare find presents the ideal combination of turnkey management and value-add opportunity.
Donâ??t miss your chance to secure a high-performing asset in a sought-after locationâ??opportunities like this donâ??t come around often!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$439,000
Price per sq ft:
$87
Property Type:
Multi-family
City:
Rochester
Garage Spaces:
4
County:
Olmsted
Year Built:
1968
State:
MN
Property Style:
Four Plex
Zip Code:
55904
Subdivision Name:
Meadow Park Resub B-Torrens
Interior
Finished Area:
5,040 ft2
Living Area:
5,040 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
4
Garage Dimensions:
40x20
Garage Size:
800 ft2
Garage Door Height:
7
Garage Door Width:
9
Foundation Size:
1,668 ft2
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Asphalt
- Detached
Exterior Material:
- Brick/Stone
- Metal Siding
Roof Details:
Age 8 Years or Less
Lot & Land
Acres:
0.31
Geolocation:
44.003743, -92.456572
Lot Dimensions:
460
Zoning:
Residential-Multi-Family
Schools
School District:
535
District Phone:
507-328-3000
Elementary School:
Ben Franklin
Middle School:
Willow Creek
High School:
Mayo
Expenses
Annual Caretaker Expense:
$2,280
Annual Electric Expense:
$400
Annual Fuel Expense:
$300
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$2,280
Annual Gross Expense:
$10,040
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
Gas, Sewer, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,072
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,072
Income
Annual Gross Income:
$43,800
Misc. Annual Income:
$1,200
Misc. Monthly Income:
$100
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Harbor Realty & Management Group LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.