540 Northern Hills DR NE, Rochester, MN 55906 - MLS#6630491

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,340,000

Est. payment - /mo

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Key Details

Property Type Commercial

Sub Type Low Rise

Listing Status Active

Purchase Type For Sale

Subdivision Northern Hills Two-Torrens

MLS Listing ID 6630491

Year Built 1978

Annual Tax Amount $12,308

Tax Year 2024

Contingent None

Property Sub-Type Low Rise

Property Description

Exciting opportunity to purchase 17 individually titled condo units in the same association! Fully rented units with great cash flow. Association fee $170/unit/month. Association fee covers lawn, snow, garbage & water. Tenant pays all other utilities. Sale includes 17 units individually titled. 15 units in 540 building, 2 units in 602 building. 58 total units between the two buildings.

Location

State MN

County Olmsted

Zoning Residential-Single Family

Interior

Heating Forced Air

Inclusions Leases, Rental License

Fireplace No

Exterior

Parking Features Paved

Utilities Available Electric Separate, Heating Separate, Hot Water Common

Present Use Residential

Building

Foundation 800

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Stucco

Schools

School District Rochester

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Listed by Jonathan Espy • Infinity Real Estate

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