For Sale: Rochester MLS# 6617061
Active
$434,000
Multi-family: Triplex
Built 1925
2,557 sqft • 0.12 acres
Rochester schools
MLS# 6617061
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Property Description
Price reduction! Owner of this investment property is moving out of State and this tri-plex is now priced to sell FAST! If you are looking for the perfect property to complete your investment portfolio or if you plan on doing a 1031 exchange before year's end, this FURNISHED tri-plex might be just what you are looking for! 3 solid leases already in place, offer a rare chance to own a cash-flowing asset in a prime location near downtown! Each unit seamlessly blends modern amenities with the timeless charm of a classic home. All three units have been remodeled under current ownership, providing updated living space for tenants. Features include a shared coin-operated laundry, a 2-stall garage, and plenty of parking options with both driveway and street availability. This property is poised to deliver solid returns - explore the MLS listing now to see this property, and give us a call to arrange a private showing!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$434,000
Price per sq ft:
$170
Property Type:
Multi-family
City:
Rochester
Garage Spaces:
2
County:
Olmsted
Year Built:
1925
State:
MN
Property Style:
Triplex
Zip Code:
55904
Subdivision Name:
Morse & Sargeants Add
Interior
Finished Area:
2,557 ft2
Living Area:
2,557 ft2
Ranges:
Three
Refrigerators:
Three
Basement Details:
- Block
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
- Shared Access
- Sump Pump
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
480 ft2
Foundation Size:
759 ft2
Foundation Dimensions:
1898
Fencing:
Partial
Handicap Accessible:
None
Road Responsibility:
Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Concrete
- Detached
Shared Amenities:
- Coin-op Laundry Owned
- Common Garden
- Common Laundry
- Porch
Road Frontage:
City Street
Exterior Material:
- Metal Siding
- Wood Siding
Roof Details:
- Age Over 8 Years
- Asphalt
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.12
Geolocation:
44.020936, -92.450424
Lot Dimensions:
41 x 132
Zoning:
Residential-Multi-Family
Lot Description:
Tree Coverage - Medium
Farm
Topography:
Level
Schools
School District:
535
District Phone:
507-328-3000
Elementary School:
Riverside Central
Middle School:
Kellogg
High School:
Century
Expenses
Annual Electric Expense:
$1,600
Annual Fuel Expense:
$1,199
Annual Insurance Expense:
$1,848
Annual Maintenance Expense:
$1,000
Annual Gross Expense:
$7,791
Annual Trash Expense:
$326
Annual Water/Sewer Expense:
$900
Tenant Expenses:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,592
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$3,592
Income
Annual Gross Income:
$44,600
Misc. Annual Income:
$975
Misc. Monthly Income:
$81
Units
Total Units:
3
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 Montgomery Holst 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.