This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

1901 26th Ave NW

28 Unit Block of Flats For Sale Rochester, MN 55901

Investment Highlights

  • 28 unit apartment complex in seven 4 unit buildings
  • Rent upside available via new leases and rent increases to market rates
  • Ability to add RUBS charges to approximately 75% of current rent roll
  • Each unit individually parceled and comes with its own detached garage
  • 2 miles from $5 Billion Bold. Forward. Unbound! project by Mayo Clinic

Executive Summary

Introducing a rare multi-family investment opportunity in Rochester, MN - West Willow Apartment Homes. This asset consists of 28 individually parceled apartment homes at the prime intersection of Valleyhigh Drive NW and 19th Street NW. All units are 2BR / 2BA in 7 separate 4 unit structures making marketing, maintenance and turnover exceptionally efficient. Each unit comes with a dedicated detached garage - a rare amenity in this apartment class. West Willow boats an exceptionally strong history of rent growth, occupancy and leasing, with further upside available to investors with this acquisition opportunity. West Willow is located in Rochester, MN located just 2 miles from the state of Minnesota's largest ever private construction effort, Mayo Clinic's $5 Billion Bold. Forward. Unbound! project, which is expected to bring significant population growth and housing demand to Rochester.
Located at the intersection of Valleyhigh Drive and 19th Street NW neighboring Lourdes High School, the Rochester Athletic Club and the Dioseces of Winona-Rochester. This asset is minutes from downtown Rochester via HWY 52 and only blocks away from Rochester's busiest retail trade area anchored by Costco, Cub Foods, Kwik Trip, McDonalds and an abundance of restaurant and service users.

Attachments

Brochure

Property Facts Under Contract

Sale Type Investment
No. Units 28
Property Type Residential
Property Subtype Apartment
Building Class B
Lot Size 1.14 AC
Building Size 22,736 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1984/2010
Parking Ratio 1.23/1,000 SF

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Recycling
  • Smoke Free

zoning

Zoning Code 01
01
  • Listing ID: 33447662

  • Date on Market: 08/10/2024

  • Last Updated:

  • Address: 1901 26th Ave NW, Rochester, MN 55901

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}