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Active NEW!
$3,500,000
/mo Edit
Condo/Townhome:  Low Rise (3- Levels)
Built 1978
1 acres
Rochester schools
MLS# 6788174
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    Property Description

    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!

    Listing

    Contingency: None
    City: Rochester
    County: Olmsted
    State: MN
    Property Style: Low Rise (3- Levels)
    Zip Code: 55906
    Subdivision Name: Northern Hills One-Torrens

    Interior

    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Appliances Included:
    • Dishwasher
    • Dryer
    • Range
    • Refrigerator
    • Washer
    Basement Details: None

    Exterior

    Stories: Three Or More
    Garage Spaces: 0
    Other Parking Spaces: 0
    Air Conditioning: Central Air
    Foundation Size: 8,000 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Parking Features: Paved
    Unit Amenities: Washer/Dryer Hookup
    Exterior Material:
    • Block
    • Stucco
    Roof Details:
    • Flat
    • Rubber

    Lot & Land

    Acres: 1
    Geolocation: 44.05, -92.453304
    Inclusions: Building, Leases, Rental License
    Lot Dimensions: Irregular
    Zoning: Residential-Multi-Family

    Schools

    School District: 535
    District Phone: 507-328-3000

    Expenses

    Tenant Expenses: Cable TV, Electricity, Fuel, Gas

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $25,408
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $25,408

    Units

    Total Units: 32

    Miscellaneous

    Current Use: Residential
    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Available Utilities:
    • Electric Separate
    • Heating Separate
    • Hot Water Separate
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Infinity Real Estate.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.