Rochester, MN 55902,510 7th ST SW
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Rochester, MN 55902,510 7th ST SW
Rochester, MN 55902,510 7th ST SW
Rochester, MN 55902,510 7th ST SW
Rochester, MN 55902,510 7th ST SW

$550,000

Est. payment /mo

$519,900

5.8%
Est.Price: ?

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510 7th ST SW Rochester, MN 55902

2,940 SqFt

SOLD DATE : 07/26/2023

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

Sold Date 07/26/23

Year Built 1920

Annual Tax Amount $3,102

Tax Year 2022

Contingent None

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 152x55

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

Rooms

Basement Partially Finished

Interior

Heating Forced Air

Fireplace No

Exterior

Garage 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

Level or Stories Two

Structure Type Metal Siding

New Construction false

Schools

School District Rochester

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Listed by Robert Beeman • Realty Growth Inc.

Eli Johnson

Advisor | License ID: 40157548

+1(651) 357-2536

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