511 3rd Ave | Rochester, MN 55902
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- LoopNet Team
511 3rd Ave
Rochester, MN 55902
Residence at Discovery Square · Multifamily Property For Sale
·
129 Units
INVESTMENT HIGHLIGHTS
- New Construction | 129-Unit Multi-Family | Future Build-Out Units |11,831 SF Retail | Additional TIF Income
- Mayo Clinic | Soldiers Memorial Field Park | Nearby Shopping Centers | U.S. Highway 14, 52, 63
PROPERTY FACTS
| No. Units | 129 | Lot Size | 1.01 AC |
| Property Type | Multifamily | Building Size | 174,020 SF |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2018 |
| Building Class | B | Parking Ratio | 0.75/1,000 SF |
| Zoning | MX-D - Mixed-Use Downtown Medical | ||
| No. Units | 129 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 1.01 AC |
| Building Size | 174,020 SF |
| No. Stories | 7 |
| Year Built | 2018 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | MX-D - Mixed-Use Downtown Medical |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Ice Maker
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Double Pane Windows
- Handrails
- Warming Drawer
- Window Coverings
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Property Manager on Site
- On-Site Retail
- Renters Insurance Program
- Elevator
- 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 |
|---|---|---|---|
| Studios | 40 | - | 570 - 600 |
| 1+1 | 45 | - | 570 - 790 |
| 2+2 | 44 | - | 1,000 - 1,100 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $19,795,800 | |
| Land Assessment | $2,203,800 | Total Assessment | $21,999,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,203,800
Improvements Assessment
$19,795,800
Total Assessment
$21,999,600
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