a Berkshire Hathaway affiliate

$1,300,000

305-315 11th Avenue NW, Rochester


305-315 11th Avenue NW Rochester, MN 55901

For Sale MLS# 5288129

7,000 sq ft Commercial

Data current as of {{getLocalTime('2019-09-15T09:35:26Z')}}

Details

MLS# 5288129

Description for 305-315 11th Avenue NW, Rochester, MN, 55901


Multi-family Portfolio of properties listed for sale with 100% Occupancy and development potential! This portfolio includes 2 single family homes, one duplex, and triplex. The current occupancy as of September 2019 is 100% occupied. The properties were remodeled in 2018 with updated bathrooms, kitchens, flooring, and paint. The renovation took place in each individual property. Each property does have garage’s that allow for indoor parking for the resident’s on site. These properties are in a rapidly developing area - Just to the South a multi-million dollar hotel development is under construction at the intersection of 2nd Street SW and 11th Ave. To the North, we have seen investment from owner’s such as United Properties that acquired the 46,590 Square foot shopping center in 2017. Development potential does exist at this site as the parcels combined are approximately 29,962 Square feet according to Olmsted County Property Records.

Listing Information


Property Type: Commercial, Apartments/Multi Family

Status: Active

Lot Size: 0.17 Acres

Square Feet: 7,000 sq ft

Year Built: 1927

Foundation: 806 sq ft

Garage: Yes

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: Cascade Manor

Builder:

Foundation:

Total Units: 7

Current Use: Residential

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Olmsted

Days On Market: 9

HERS Score:

Construction Status: Previously Owned

School Information


District: 535 - Rochester

Elementary:

Middle:

High:

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities: Heating Separate,Heating Common,Electric Separate,Electric Common

Other Utilities:

Cooling: Window, Central

Heating: Forced Air, Natural Gas

Exterior / Lot Features


Garage Spaces: 7

Parking Spaces: 4

Parking Description: Detached Garage

Exterior: Other, Aluminum Siding

Lot View:

Lot Dimensions: 148 X 203

Farm Type:

Crop Type:

Zoning: Business/Commercial

Additional Exterior/Lot Features:

Soil Type:

Tillable Acres:

Driving Directions


Civic Center Drive to south on 11th Ave NW

Financial Considerations


Other Deposit Fees:

Covenants/Deed Restrictions:

Terms:

Tenant Pays:

Owner Pays:

Annual Income: $99,660

Annual Expense: $21,620

Ownership Type:

Tax/Property ID: 743441003090

Tax Amount: $2,798

Tax Year: 2018

HomeStead Description: Non-Homesteaded

Price Changes


$1,300,000 Original Price
$1,300,000 Current Price
+$0 Total Change
Date Price Change
9/5/2019 06:23 PM $1,300,000

Sales History

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Tax Summary

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Schools nearby 305-315 11th Avenue NW

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings