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510 7th ST SW Rochester, MN 55902
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Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,940 sqft
Price per Sqft $187
Subdivision Head & Mcmahon Add
MLS Listing ID 6380775
Year Built 1920
Annual Tax Amount $3,102
Tax Year 2022
Lot Size 8,276 Sqft
Property Description
Welcome to this well-kept 4-plex, perfectly situated in a stellar location within walking distance to downtown and Saint Mary's. This property offers both convenience and potential for a lucrative investment
Each tenant will enjoy the convenience of a dedicated garage stall, providing secure parking and storage. The original oak hardwood flooring, in excellent shape, adds character and durability throughout a significant portion of the building.
Several units have undergone updates, including cabinets, baths, and flooring, enhancing the overall appeal and modernizing the living spaces. These improvements contribute to tenant satisfaction and rental demand.
The dual set coin-op laundry units serve as an additional income generator to the property's revenue stream.
Mechanical updates such as the furnace, air conditioning, and electrical systems have been modernized, ensuring efficiency and reliability.
Location
State MN
County Olmsted
Interior
Heating Forced Air
Exterior
Parking Features Detached
Garage Spaces 4.0
Roof Type Asphalt
Building
Lot Description Public Transit (w/in 6 blks)
Story Two
Foundation 588
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Metal Siding
New Construction false
Schools
School District Rochester
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