Pending: Rochester MLS# 6531615
Pending
$424,900
Multi-family: Four Plex
Built 1899
1,856 sqft•0.11 acres
Rochester schools
MLS# 6531615
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Property Description
Updated property primed up for furnished nightly rental income! Walking distance to Mayo Clinic, restaurants, restaurants, and shopping. Silver Lake park and trails right around the corner. Can be sold as a package with 2 other properties in town!
Listing
Listing Status:
Pending
Contingency:
None
List Price:
$424,900
Price per sq ft:
$229
Property Type:
Multi-family
City:
Rochester
County:
Olmsted
Year Built:
1899
State:
MN
Property Style:
Four Plex
Zip Code:
55906
Subdivision Name:
Northern Add
Interior
Finished Area:
1,856 ft2
Living Area:
1,856 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
Unfinished
Exterior
Stories:
Two
Foundation Size:
928 ft2
Fencing:
None
Handicap Accessible:
None
Heating System:
Forced Air
Road Frontage:
- City Street
- Curbs
- Sidewalks
Exterior Material:
Vinyl Siding
Roof Details:
- Asphalt
- Pitched
Lot & Land
Acres:
0.11
Geolocation:
44.031199, -92.462661
Lot Dimensions:
90 x 45
Zoning:
Residential-Multi-Family
Lot Description:
Public Transit (w/in 6 blks)
Schools
School District:
535
District Phone:
507-328-3000
Elementary School:
Washington
Middle School:
John Adams
High School:
John Marshall
Expenses
Annual Caretaker Expense:
$10,000
Annual Electric Expense:
$1,500
Annual Fuel Expense:
$1,500
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$4,800
Annual Gross Expense:
$32,000
Annual Trash Expense:
$3,500
Annual Water/Sewer Expense:
$2,000
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$3,854
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$3,854
Income
Annual Gross Income:
$65,076
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
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.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.