306 10th AVE NE new Save Request In-Person Tour Request Virtual Tour
Rochester,MN 55906
Key Details
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Active
Purchase Type For Sale
Square Footage 1,430 sqft
Price per Sqft $167
Subdivision Riess 2Nd Sub
MLS Listing ID 6693958
Year Built 1920
Annual Tax Amount $2,594
Tax Year 2024
Lot Size 6,098 Sqft
Property Sub-Type Duplex Up and Down
Property Description
We're excited to share an up/down duplex located on a quiet street in Rochester, close to the city bus line and all the amenities the area has to offer. This well-positioned property is perfect for a first-time investor or a valuable addition to an existing portfolio.
The main level unit features 2 bedrooms and 1 bathroom, with private basement access that includes a washer and dryer. It comes equipped with a dishwasher, microwave, range, and refrigerator. The upper unit offers 1 bedroom and 1 bathroom and has been occupied by a long-term tenant whose rent is covered by a local nonprofit. Appliances in this unit include a refrigerator and oven.
While the upper unit is expected to require cosmetic updates such as paint, flooring, and cabinet improvements upon turnover, the tenant is anticipated to stay for the foreseeable future.
This duplex provides immediate rental income with the potential to increase cash flow through strategic updates. It's a rare opportunity to own a property in a strong location with built-in stability and room for appreciation.
Location
State MN
County Olmsted
Interior
Heating Forced Air
Building
Story One and One Half
Foundation 754
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Vinyl Siding
New Construction false
Schools
Elementary Schools Jefferson
Middle Schools Kellogg
High Schools Century
School District Rochester