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Active NEW!
$237,450
/mo Edit
Multi-family:  Duplex Up and Down
Built 1920
1,428 sqft • 0.15 acres
Rochester schools
MLS# 6696873
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    Property Description

    Welcome to this turnkey Duplex opportunity within minutes of Downtown and Mayo Clinic! Enjoy newer bathroom + kitchen renovations; newer appliances; separate electric meters for tenants to pay directly; new furnace, AC + ductwork for unit 1 and Daikon Mini Split for heat/cool in unit 2; separate in-unit laundry for each tenant; and more! Each unit is leased. Unit 1 is a long term, discounted rent ending July 31, 2025 @ $1035/mo (owner pays natural gas for this unit but could be added to rent or RUBS divided). Unit 2 is leased until 4/30/2026 @ $955/mo. Garage is used for storage. Off street parking available in driveway

    Listing

    Contingency: None
    Price per sq ft: $166
    City: Rochester
    County: Olmsted
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55904
    Subdivision Name: East Rochester Add-Part Torrens

    Interior

    Living Area: 1,428 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details: Stone/Rock

    Exterior

    Stories: Two
    Garage Spaces: 2
    Garage Dimensions: 40x10
    Garage Size: 400 ft2
    Foundation Size: 612 ft2
    Foundation Dimensions: 60x10
    Handicap Accessible: None
    Heating System:
    • Baseboard
    • Ductless Mini-Split
    • Forced Air
    Exterior Material: Metal Siding
    Roof Details: Age Over 8 Years

    Lot & Land

    Acres: 0.15
    Geolocation: 44.015559, -92.452111
    Lot Dimensions: 60 x 100
    Zoning: Residential-Multi-Family

    Schools

    School District: 535
    District Phone: 507-328-3000
    Elementary School: Riverside Central
    Middle School: Willow Creek
    High School: Mayo

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $1,110
    Annual Insurance Expense: $1,400
    Annual Maintenance Expense: None
    Annual Gross Expense: $3,260
    Annual Trash Expense: None
    Annual Water/Sewer Expense: $750
    Tenant Expenses: Cable TV, Electricity, Grounds Care, Snow Removal

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $3,638
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $3,638

    Income

    Annual Gross Income: $23,880
    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 Real Broker, LLC..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.