Sold: Rochester MLS# 6531607
Sold
$349,900 (list price)
$349,900
Multi-family: Duplex Up and Down
Built 1900
1,920 sqft • 0.13 acres
Rochester schools
MLS# 6531607
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Property Description
Updated duplex with a 3 bed 1 bath unit and 2 bed 1 bath unit. Kitchens, bathrooms, flooring, paint and fixtures have all been updated! This unit has been a cash cow as a nightly rental property and has bookings in place currently which the new buyer can take advantage of. Walking distance to Mayo Clinic, restaurants, & convenient stores. Silver Lake walking paths and green spaces a few blocks away. Walking distance to May field where the Northwoods League; Rochester Honkers baseball team plays. Perfect opportunity for the next investor to cash flow right away.
Listing
Listing Status:
Sold
Contingency:
None
List Price:
$349,900
Sold Price:
$349,900
Sold Date:
06/06/2024
Price per sq ft:
$182
Property Type:
Multi-family
City:
Rochester
Garage Spaces:
0
County:
Olmsted
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55906
Interior
Finished Area:
1,920 ft2
Living Area:
1,920 ft2
Ranges:
One
Refrigerators:
Two
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
960 ft2
Fencing:
Partial, Privacy, Wood
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
- Boiler
- Hot Water
Parking Features:
On-Street Parking Only
Shared Amenities:
Coin-op Laundry Owned
Road Frontage:
- City Street
- Curbs
- Sidewalks
- Storm Sewer
- Street Lights
Exterior Material:
Vinyl Siding
Roof Details:
- Asphalt
- Pitched
Lot & Land
Acres:
0.13
Geolocation:
44.030955, -92.462594
Lot Dimensions:
131 x 43
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
535
District Phone:
507-328-3000
Elementary School:
Sunset Terrace
Middle School:
Willow Creek
High School:
Mayo
Expenses
Annual Caretaker Expense:
$5,220
Annual Electric Expense:
$1,500
Annual Fuel Expense:
$1,500
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$2,500
Annual Gross Expense:
$15,000
Annual Trash Expense:
$750
Annual Water/Sewer Expense:
$1,000
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,508
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$2,508
Income
Annual Gross Income:
$29,950
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Coldwell Banker Realty.
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.