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615 3rd Avenue Southwest
Rochester, MN 55902
Asking Price
$400K
Asset Type
Residential Multifamily
Class
Class B
What's Special
Multifamily Development Opportunity <ul><li><span style="color: rgba(0,0,0,var(--O42jJQ,1))">6,600 SF development site</span></li></ul><p></p><ul><li><span style="color: rgba(0,0,0,var(--O42jJQ,1))">Zoned R-4 Multifamily</span></li></ul><p></p><ul><li><span style="color: rgba(0,0,0,var(--O42jJQ,1))">Approved for two (2) six-plex apartment buildings</span></li></ul><p></p><ul><li><span style="color: rgba(0,0,0,var(--O42jJQ,1))">Prime infill development opportunity</span></li></ul><p></p><ul><li><span style="color: rgba(0,0,0,v
Free Valuation Calculator
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NOI
$80,000
Cap Rate
20.00%
DSCR
3.37
Strong
Cash-on-Cash
46.88%
Monthly Payment
$1,978.982
Annual Cash Flow
$56,252.219
