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1509 14th Street NW, Rochester, MN 55901

Status: Sold

4 units
3,290 sq ft

$460,000

WELCOME HOME

Get to know this property.

Excellent investment opportunity! This turn-key, fully occupied four-plex in NW Rochester generates reliable income with long-term tenants already in place. The property boasts a durable metal roof and a low-maintenance vinyl exterior with brick accents. The unit mix includes three 2BR/1BA units and one 1BR/1BA unit—all currently leased. Landlord operations are streamlined with a shared gas-boiler heating system and tenant-paid electric, plus coin-operated common laundry for bonus income. With most units on month-to-month leases, the new owner has immediate upside to adjust rents to market rates. Capitalize on strong Rochester rental demand and add this solid performer to your portfolio!

The details that matter.

General Property Information for 1509 14th Street NW, Rochester, MN 55901 - MLS# 7106188
Bedrooms and Bathrooms
Total Bedrooms:
3
Total Bathrooms:
2
Size and Multi Family Residence
Year Built:
1964
Type of Property:
Multi Family Residence
Style:
Fourplex
Stories/Levels:
2 Story
Total SqFt:
3,290
Total Fnsh'd SqFt:
3,290
Above Ground SqFt:
1,645
Finished Above Grade:
1,645
Below Ground SqFt:
1,645
Finished Below Grade:
1,645
Garage Stalls:
0
Garage SqFt:
N/A
Main Floor SqFt:
1,645
Approx Lot Dimensions:
112 x 65
Approx Number of Acres:
0.167
Income and Expenses
Gross Income:
$45,000
Total Expenses:
$0

A closer look at the location.

Take Broadway Ave N to 14th St NW. Turn West. Drive 1.5 miles to 1509 14th St NW, located on the left."

This listing has been entered by the following office: Realty Growth Inc.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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