952-467-8601
1901 26th Ave NW, Rochester, MN for Sale
Apartments - FOR SALE
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1901 26th Ave NW
Rochester, MN 55901


HIGHLIGHTS

  • 28 unit apartment complex in seven 4 unit buildings
  • Each unit individually parceled and comes with its own detached garage
  • Rent upside available via new leases and rent increases to market rates
  • 2 miles from $5 Billion Bold. Forward. Unbound! project by Mayo Clinic
  • Ability to add RUBS charges to approximately 75% of current rent roll

OVERVIEW

Introducing a rare multi-family investment opportunity in Rochester, MN - West Willow Apartment Homes. This asset consists of 28 individually parceled apartment homes at the prime intersection of Valleyhigh Drive NW and 19th Street NW. All units are 2BR / 2BA in 7 separate 4 unit structures making marketing, maintenance and turnover exceptionally efficient. Each unit comes with a dedicated detached garage - a rare amenity in this apartment class. West Willow boats an exceptionally strong history of rent growth, occupancy and leasing, with further upside available to investors with this acquisition opportunity. West Willow is located in Rochester, MN located just 2 miles from the state of Minnesota's largest ever private construction effort, Mayo Clinic's $5 Billion Bold. Forward. Unbound! project, which is expected to bring significant population growth and housing demand to Rochester. Located at the intersection of Valleyhigh Drive and 19th Street NW neighboring Lourdes High School, the Rochester Athletic Club and the Dioseces of Winona-Rochester. This asset is minutes from downtown Rochester via HWY 52 and only blocks away from Rochester's busiest retail trade area anchored by Costco, Cub Foods, Kwik Trip, McDonalds and an abundance of restaurant and service users.

FOR SALE DETAILS

PRICE

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# OF UNITS

28

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

01

APN/PARCEL ID

74.28.14.002234

ASK ABOUT THIS PROPERTY

Mike ZirbesNorth Rock Real Estate, LLCMore Info
952-467-8601

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Mike ZirbesNorth Rock Real Estate, LLCMore Info
952-467-8601

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.