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Active NEW!
$499,000
/mo Edit
Multi-family:  Four Plex
Built 1978
3,456 sqft • 0.22 acres
Rochester schools
MLS# 6704711
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    Property Description

    3209 15th Avenue NW, Rochester, MN 55901 Welcome to this fantastic multi-family property located in the desirable NW Rochester area. This quadruplex features four units, each with 2 bedrooms and 1 bathroom, offering a total of 8 bedrooms and 4 bathrooms. Built in 1978, the property boasts a spacious 3, 456 sq ft of living space, with 1, 728 sq ft above ground and 1, 728 sq ft below ground. Each unit has separate utilities, ensuring convenience and efficiency for tenants. The property includes a garage stall for each unit, along with additional driveway parking. Situated on a 9, 583 sq ft lot, this home backs up to John Adams Jr High School, providing a great location for families. Key features: Bedrooms: 8 Bathrooms: 4 Total Living Area: 3, 456 sq ft Lot Size: 9, 583 sq ft Parking: 4 garage spaces, driveway parking Heating: Baseboard, electric Basement: Full Don't miss out on this excellent investment opportunity in a prime location!

    Listing

    Contingency: None
    Price per sq ft: $144
    City: Rochester
    County: Olmsted
    State: MN
    Property Style: Four Plex
    Zip Code: 55901
    Subdivision Name: Crescent Park

    Interior

    Living Area: 3,456 ft2
    Ranges: Four
    Refrigerators: Four
    Basement Details:
    • Finished
    • Full

    Exterior

    Stories: Two
    Garage Spaces: 4
    Garage Size: 880 ft2
    Foundation Size: 1,728 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Baseboard
    Parking Features:
    • Asphalt
    • Attached Garage
    • Garage Door Opener
    • Shared Garage/Stall
    Road Frontage: City Street
    Exterior Material: Vinyl Siding
    Roof Details: Age 8 Years or Less

    Lot & Land

    Acres: 0.22
    Geolocation: 44.05744, -92.484546
    Lot Dimensions: 79 x 120
    Zoning:
    • Residential-Multi-Family
    • Residential-Single Family
    Lot Description: Some Trees

    Schools

    School District: 535
    District Phone: 507-328-3000
    Elementary School: Elton Hills
    Middle School: John Adams
    High School: John Marshall

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: $5,197
    Annual Maintenance Expense: None
    Annual Gross Expense: $900
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Cable TV, Electricity, Other, Trash Collection

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $5,202
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $5,202

    Income

    Annual Gross Income: $44,160

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Electric
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

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    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.