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506 3Rd Ave Northeast Roseau, MN 56751

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For Sale
$505,000

12-unit apartment building in Roseau, strong rental history.

Building Details

Year built
1967

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Listing Contact
Ryan Bohn
Source: Squarefootcommercial

Listing Agent: Ryan Bohn

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Roseau Multifamily Investment Opportunity

This 9,180 square foot, 12-unit apartment building features brick construction, on-site laundry facilities, and surface parking. The low-rise/garden-style property contains a mix of five 2-bedroom units and seven 1-bedroom units. Located on the north side of Roseau, it is situated three blocks from Highway 11, offering a prime location. The building utilizes boiler heat, which is paid by the landlord. Current rents range from $510 to $600, with tenants responsible for their electric bills. The property presents a multifamily investment opportunity with a strong rental history. There is potential to increase overall performance by implementing a Ratio Utility Billing System (RUBS) program to offset some of the heat expense.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Pharmacy

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

Location Insight

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City
Roseau
County
Roseau
State
Minnesota
Longitude
-95.760025
Latitude
48.851066

FAQs

What type of property is this?
Apartment building - 12-unit apartment building in Roseau, strong rental history.
Where is this apartment building located?
The property is located at 506 3Rd Ave Northeast Roseau, MN.
What is the asking price?
The asking price for this property is $505,000.
What are key features of this property?
This property features: - Multifamily investment opportunity in Roseau; - 12-unit apartment building with a mix of 2-bedroom and 1-bedroom units; - Prime location on the North side of Roseau, near HWY 11
More about this property
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