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    540 Northern Hills Dr Rochester, MN 55906

    For Sale
    $1,425,000

    17-Unit Condo Portfolio, High ROI

    Property size:
    800 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional investment opportunity presents 17 individually titled condo units within the same association, located at 540 Northern Hills Drive NE, Rochester, MN. Currently fully rented, this portfolio offers immediate and substantial cash flow. The property consists of 15 units situated within the 540 building and 2 additional units located in the 602 building. Each unit boasts 800 square feet of living space. The total number of units in both buildings is 58. The attractive monthly association fee of $170 per unit covers essential exterior maintenance, including lawn care, snow removal, garbage disposal, and water. Tenants are responsible for all other utilities, minimizing the owner's operational expenses. This turnkey investment is ideal for a seasoned investor seeking a stable, high-yield portfolio with minimal management responsibilities. The asking price for this exceptional collection of 17 individually deeded condo units is $1,425,000. This represents a compelling opportunity to acquire a well-maintained, income-producing asset in a desirable Rochester location. The strong rental market and low vacancy rates in the area further enhance the long-term investment potential of this property. The individual titling of each unit offers flexibility and potential for future individual sales or refinancing. This is a rare opportunity to acquire a substantial multi-family investment in a thriving community.

    Property Features for 540 Northern Hills Dr

    General Information

    Property type
    Residential income properties
    Square Feet
    800 SF

    Building Details

    Year Built
    1978
    Property Profile Location Intelligence

    Current Use by Public Records

    Northern hills Apartment Building The moyo clinic Hospital Department

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Olmsted
    State
    Minnesota
    Longitude
    -92.45402
    Latitude
    44.04944

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    FAQs

    What type of property is this?
    Residential income property - 17-Unit Condo Portfolio, High ROI
    Where is this residential income property located?
    The property is located at 540 Northern Hills Dr Rochester, MN.
    What is the asking price?
    The asking price for this property is $1,425,000.
    (507) 550-1052
    Request Owner's contact information
    540 Northern Hills Dr Rochester, MN 55906
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    Rochester, MN 55906
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    540 Northern Hills Dr Rochester, MN 55906
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