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9-Plex Apartment Complex For Sale

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• Well maintained and fully occupied 9-plex apartment building close to the downtown and walkable.
• Features include off-street parking, laundry, controlled access entrance, and no vacancy.
• It is located steps away from the nearest bus stop for a hassle-free commute.
• Easy access to City Parks, Rochester’s great walking/biking trails and Silver Lake
• A number of recent upgrades include:
– New Roof and Energy Efficient Boiler in 2019
– Parking lot paving and new retaining wall in 2021
– New common area flooring in 2023
• All units well cared for and in solid condition with upgrades and updates on a regular basis to flooring and appliances
• Energy efficient windows
• Great investment opportunity
• Solid cash flow and net operating income
• Building Gross footage 5785 SF
• The total site is 11,138 SF
• Unit Types
o 1 Studio
o 5 1B/1B
o 2 2BED/1BATH
o 1 2 BED/2BATH
• The main floor apartments
o 2 one bed/1baths at 460 SF and 560 SF, and the 2Bed/2Bath at 726SF. (Net areas)
• Electrical is all metered separate to each unit, 10 meters, 1 for the building plus the 9 apartments
• The heating system is hot water boiler system.
• All the electrical and plumbing has been upgraded and meets all code
• As-Built building plans are available

Address

904 East Center Street
Rochester, MN 55904
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Price

$895,000

Contact

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