904 Center StRochester, MN 55904

Property Details for 904 Center St

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 9-unit apartment building in Rochester, Minnesota, presents a compelling investment opportunity. Located at 904 E Center St, 55904, this property boasts a prime location, close to downtown Rochester's vibrant restaurants and shops, offering residents convenient walkability. The complex features 12 off-street parking stalls, enhancing tenant convenience. Inside, residents enjoy the benefit of on-site laundry facilities and a controlled access entrance for added security. The unit mix comprises one studio, five one-bedroom/one-bathroom units, and three two-bedroom/one-bathroom units, ensuring a diverse tenant base. Significant recent upgrades include a new roof and energy-efficient boiler (2019), parking lot paving and a new retaining wall (2021), and new common area flooring (2023). The property has been meticulously maintained and managed for over 30 years, ensuring a strong track record of consistent occupancy and income generation. The asking price is $875,000. This fully occupied, well-maintained property offers a rare opportunity for a stable and profitable investment in a thriving Minnesota market. Its excellent location, desirable amenities, and recent upgrades combine to create a highly attractive proposition for discerning investors.

Location Insight

City

Rochester

County

Olmsted

State

Minnesota

Latitude

44.0233

Longitude

-92.4511

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