1901 26th Ave NW
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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.
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.
Property Facts Under Contract
Sale Type | Investment | Building Size | 22,736 SF |
No. Units | 28 | Average Occupancy | 100% |
Property Type | Residential | Number of Floors | 2 |
Property Subtype | Apartment | Year Built/Renovated | 1984/2010 |
Building Class | B | Parking Ratio | 1.23/1,000 SF |
Lot Size | 1.14 AC |
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
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zoning
Zoning Code | 01 |
01 |
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1901 26th Ave NW
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