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1935 2nd St SW
Rochester, MN 55902
The Gryff Apartments · Multifamily Property For Sale
·
26 Units
EXECUTIVE SUMMARY
Introducing an outstanding investment opportunity in the heart of Uptown, Rochester, MN. The property at 1935 2nd St SW presents a meticulously maintained 27,664 SF multifamily/mid-rise building, comprising 26 units constructed in 2019. Zoned MXT-NOD, this high-demand asset boasts 100% occupancy, offering an immediate and steady return on investment. With modern amenities and a prime location, this property is primed for long-term financial success in a thriving rental market. Don't miss the chance to add this exceptional investment to your portfolio in one of the most sought-after areas for multifamily developments.
Discover the vibrant Uptown neighborhood of Rochester, MN, a sought-after location for multifamily/mid-rise investors. The area surrounding The Gryff is synonymous with convenience and community. Residents can stroll to local boutiques, trendy eateries, and popular entertainment venues. The proximity to parks and green spaces offers a balance of urban living and outdoor recreation. Adjacent to renowned medical facilities and top employers, the location presents a compelling investment opportunity. With a thriving rental market and strong tenant demand, The Gryff is poised as a prime addition to your investment portfolio in this dynamic and desirable locale.
Discover the vibrant Uptown neighborhood of Rochester, MN, a sought-after location for multifamily/mid-rise investors. The area surrounding The Gryff is synonymous with convenience and community. Residents can stroll to local boutiques, trendy eateries, and popular entertainment venues. The proximity to parks and green spaces offers a balance of urban living and outdoor recreation. Adjacent to renowned medical facilities and top employers, the location presents a compelling investment opportunity. With a thriving rental market and strong tenant demand, The Gryff is poised as a prime addition to your investment portfolio in this dynamic and desirable locale.
PROPERTY FACTS
| Price Per Unit | $250,000 | Building Class | A |
| Sale Type | Investment | Lot Size | 0.27 AC |
| No. Units | 26 | Building Size | 26,000 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2019 |
| Apartment Style | Low-Rise |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | A |
| Lot Size | 0.27 AC |
| Building Size | 26,000 SF |
| No. Stories | 3 |
| Year Built | 2019 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Granite Countertops
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Handrails
- Window Coverings
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- Renters Insurance Program
- Hearing Impaired Accessible
- Maintenance on site
- Online Services
- Vision Impaired Accessible
- Individual Locking Bedrooms
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 26 | - | 524 - 841 |
PROPERTY TAXES
| Parcel Number | 74.34.34.084753 | Improvements Assessment | $4,007,200 |
| Land Assessment | $260,000 | Total Assessment | $4,267,200 |
PROPERTY TAXES
Parcel Number
74.34.34.084753
Land Assessment
$260,000
Improvements Assessment
$4,007,200
Total Assessment
$4,267,200
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