506 3rd Avenue Northeast Roseau, MN 56751

Building Details

Year Built

1967

Listing agency r***@squarefootcommercial.com Show Phone

Listed by Ryan Bohn · License #MN #20479240

Source Squarefootcommercial

Added: Mar 6 Updated: Jul 6 at 10:50AM Checked: Jul 22 at 4:51AM

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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

Property Analytics

Property Profile Location Intelligence

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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 Avenue 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