305, 307, 311 & 315 11th Ave NW, Rochester MN 55901

Multifamily 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. The property is currently zoned B-1 (RESTRICTED COMMERCIAL DISTRICT). If you are interested in the potential of development the team would be happy to discuss this opportunity with you. Just to the South of Walgreen's Pharmacy, Kwik Trip, Forager Brewery, and Hyvee. Less than 3/4 of a mile from Highway 52, which boasts 63,000 vehicles per day (VPD) Less than 3 miles from the Rochester Technology Campus, a 490 acre campus with 34 buildings. About 1 mile from the Mayo Clinic Hospital, and .4 Miles from Saint Mary's Campus, a 1,265 bed hospital and included the nation's largest intensive care unit’s. About 2.5 miles from Apache Mall, Rochester's largest enclosed mall that features 82 tenants across 750,000 SQ FT

Agents:


Robert "Bucky" Beeman

Robert "Bob" Beeman

Category:

Multi-Family

Parcel ID

74.34.41.003090, 74.34.41.003092, 74.34.41.03093, 74.34.41.003094

Asking Price

$1,300,000

Building SqFt

9,321 Combined

Lot SqFt

37,481 Combined