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$500,000

3 Beds 2 Baths 3,520 SQFT 0.24 Acres
Type: Multi-Family

1347 6th Avenue SE
Rochester, MN 55904

MLS#: 7158315
Radwan Wazwaz
Radwan Wazwaz
The Real Estate Advantage
Realtor
Phone: 507.202.3015
Office: 651.272.4688
Presented by: eXp Realty

Property Description

 

Located in a convenient area of Rochester with close proximity to downtown, this four-unit multifamily property offers an excellent opportunity for investors seeking established rental income. The property features three two-bedroom units and one one-bedroom unit, along with an on-site laundry room and a detached garage providing one parking stall for each unit. With 100% occupancy and a strong rental history, this property offers an established investment with existing tenants and income in place. The property next door 1341 6th Ave SE (MLS 7158292) is also listed for sale, providing investors an opportunity to acquire two adjacent multifamily properties in a desirable Rochester location.


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area1,760 sqft
BasementFull
Basement (Y/N)Yes
Below Grade Finished Area1,760 sqft
FuelElectric, Natural Gas
Garage Square Feet800

General

AccessibilityNone
Additional Parcels Y/NNo
CityRochester
ContingencyNone
CountyOlmsted
Directions63 South to 12th St SE (east) to 6th St SE (south)
Electric Expense0
Elementary SchoolBen Franklin
Fuel Expense0
Garage Spaces4
Gross Income53640
HeatingBaseboard
High SchoolMayo
High School DistrictRochester
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3,520 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Middle/Junior High SchoolWillow Creek
New ConstructionNo
Number Of Units Total4
Operating Expense0
PostalCityRochester
Property SubtypeFourplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameMeadow Park Resub B-Torrens
Tax Annual Amount$6,460
Tax Year2026
Trash Expense0
Water Sewer Expense0
Year Built1968

Exterior

Building Area Total3,520 sqft
Foundation Area1,760 sqft
Lot Dimensions130'x70'
Lot Size Area0 sqft
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School Willow Creek Middle School
High School Mayo High School
Elementary School Ben Franklin Elementary School

  

Similar Properties

$500,000

3 Beds 2 Baths 3,520 SQFT 0.24 Acres
Type: Multi-Family

1347 6th Avenue SE
Rochester, MN 55904

MLS#: 7158315
Radwan Wazwaz
Radwan Wazwaz
The Real Estate Advantage
Realtor
Phone: 507.202.3015
Office: 651.272.4688