9 8th Ave NW 8 Unit Block of Flats £615,656 (£76,957/Unit) 7.60% Net Initial Yield Kasson, MN 55944
INVESTMENT HIGHLIGHTS
- 20 Minutes to Rochester, MN
- Recently Renovated
- Dodge County has less than a 1% vacancy rate
EXECUTIVE SUMMARY
8 Unit Apartment Building located just 20 minutes from Rochester, MN. Rochester is home to the world renown Mayo Clinic Hospital which is investing $5.6 Billion and is expected to transform Rochester into a global destination for health and wellness, primarily through the expansion of Mayo Clinic and other private investments. This expansion is expected to double the population of Rochester over the next 15-20 years.
This apartment building has seen many recent renovations such as windows, boiler, all plumbing fixtures, LED Lighting throughout, LVP flooring, paint, counter tops and more. Dodge County has less than a 1% vacancy rate across the entire county making this a very strong investment.
Call with any questions or to schedule your showing today.
This apartment building has seen many recent renovations such as windows, boiler, all plumbing fixtures, LED Lighting throughout, LVP flooring, paint, counter tops and more. Dodge County has less than a 1% vacancy rate across the entire county making this a very strong investment.
Call with any questions or to schedule your showing today.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | £615,656 |
| Price Per Unit | £76,957 |
| Sale Type | Investment |
| Net Initial Yield | 7.60% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.47 AC |
| Building Size | 6,290 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built/Renovated | 1978/2022 |
| Parking Ratio | 1.91/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 1 | £808.05 | 675 |
| 2+1 | 1 | £808.05 | 675 |
| 1+1 | 1 | £615.66 | 500 |
| Studios | 1 | £567.56 | 325 |
| 2+1 | 1 | £827.29 | 650 |
| 2+1 | 1 | £798.43 | 675 |
| 1+1 | 1 | £644.51 | 500 |
| 2+1 | 1 | £798.43 | 675 |
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PROPERTY TAXES
| Parcel Number | 24.127.0130 | Improvements Assessment | £287,511 (2024) |
| Land Assessment | £39,325 (2024) | Total Assessment | £326,836 (2024) |
ZONING
| Zoning Code | R-3 (Multi-Family Residential District) |
