For Sale: Rochester MLS# 6693958
Active
NEW!
$239,900
Multi-family: Duplex Up and Down
Built 1920
1,430 sqft • 0.14 acres
Rochester schools
MLS# 6693958
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Property Description
Weâ??re excited to share an up/down duplex located on a quiet street in Rochester, close to the city bus line and all the amenities the area has to offer. This well-positioned property is perfect for a first-time investor or a valuable addition to an existing portfolio.
The main level unit features 2 bedrooms and 1 bathroom, with private basement access that includes a washer and dryer. It comes equipped with a dishwasher, microwave, range, and refrigerator. The upper unit offers 1 bedroom and 1 bathroom and has been occupied by a long-term tenant whose rent is covered by a local nonprofit. Appliances in this unit include a refrigerator and oven.
While the upper unit is expected to require cosmetic updates such as paint, flooring, and cabinet improvements upon turnover, the tenant is anticipated to stay for the foreseeable future.
This duplex provides immediate rental income with the potential to increase cash flow through strategic updates. Itâ??s a rare opportunity to own a property in a strong location with built-in stability and room for appreciation.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$239,900
Price per sq ft:
$168
Property Type:
Multi-family
City:
Rochester
Garage Spaces:
0
County:
Olmsted
Year Built:
1920
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
55906
Subdivision Name:
Riess 2nd Sub
Interior
Finished Area:
1,430 ft2
Living Area:
1,430 ft2
Basement Details:
Full
Exterior
Stories:
One and One Half
Garage Spaces:
0
Foundation Size:
754 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Exterior Material:
Vinyl Siding
Lot & Land
Acres:
0.14
Geolocation:
44.026512, -92.449653
Lot Dimensions:
320
Schools
School District:
535
District Phone:
507-328-3000
Elementary School:
Jefferson
Middle School:
Kellogg
High School:
Century
Expenses
Annual Caretaker Expense:
$1,800
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$1,800
Annual Gross Expense:
$8,380
Annual Trash Expense:
$480
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$2,594
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,594
Income
Annual Gross Income:
$21,600
Misc. Annual Income:
None
Misc. Monthly Income:
None
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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Listing provided by RMLS,
courtesy of Harbor Realty & Management Group LLC.
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.