For Sale: Rochester MLS# 6601282
Active Contingent
$219,000
Multi-family: Duplex Up and Down
Built 1900
1,588 sqft • 0.13 acres
Rochester schools
MLS# 6601282
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Property Description
Fantastic opportunity to be a first time investor or a seasoned investor adding to your portfolio in the residential rental business. This up down duplex is walking distance to downtown. The features are garage parking for $50 per month, outside parking is included, separate electric services or meter, shared laundry in the basement, grass lawn back yard to relax in.
Utility fee is include in monthly rent for lower unit of $ 1150 per month and $900 for upper unit.
The units are being re-certified for another 3 years by owners.
Owner will consider owner finance to qualified buyer with an interest rate substantially below market rate.
Listing
Listing Status:
Active Contingent
Contingency:
Inspection
List Price:
$219,000
Price per sq ft:
$138
Property Type:
Multi-family
City:
Rochester
Garage Spaces:
2
County:
Olmsted
Year Built:
1900
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55901
Subdivision Name:
Northern Add
Interior
Finished Area:
1,588 ft2
Living Area:
1,588 ft2
Ranges:
Two
Refrigerators:
Two
Basement Details:
Partial
Exterior
Stories:
Two
Garage Spaces:
2
Garage Dimensions:
22 x 22
Garage Size:
484 ft2
Garage Door Height:
6
Garage Door Width:
8
Foundation Size:
886 ft2
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Detached
- Garage Door Opener
- Open
- Shared Driveway
Shared Amenities:
Common Laundry
Road Frontage:
City Street
Exterior Material:
Vinyl Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.13
Geolocation:
44.035276, -92.463996
Lot Dimensions:
1
Zoning:
Residential-Multi-Family
Lot Description:
Irregular Lot
Schools
School District:
535
District Phone:
507-328-3000
Elementary School:
Elton Hills
Middle School:
John Adams
High School:
John Marshall
Expenses
Annual Gross Expense:
None
Tenant Expenses:
Electricity, Parking Fee
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,320
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,320
Income
Annual Gross Income:
$23,400
Units
Total Units:
2
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Mortgage Calculator
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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 Property Brokers of Minnesota.
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.