For Sale: Stewartville MLS# 7054657
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Property Description
Here is an amazing opportunity to add a value add cashflowing asset to your multi-family portfolio. Located in
the Rochester MSA, anchored by Mayo Clinic and the $5.5 Billion in local, county and state investment to the
area over the next 20 years via the Destination Medical Center Initiative. These 2 buildings are located in the
heart of Stewartville, a growing and vibract community just south of Rochester. With the property located at
the intersection of highways 63 and 30, you are located right in the heart of of the downtown Stewartville
business district, with easy access to local amenities, including blocks away from Stewartville High School,
and just a couple of miles from Rochester International Airport.
The property consists of 2 buildings right next to each other. The main building consists of 16 multi-family units
and 2 commercial spaces, and the adjacent building consists of 8 multi-family units. The electrical, many of the
common areas, and over half of the residential units have been updated with current ownership. They
purposefully left the remaining units to be updated to provide a value add opportunity for new owners.
Please allow 48 hours advance notice for showings. Agent is owner.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,800,000
Property Type:
Commercial
City:
Stewartville
Garage Spaces:
0
County:
Olmsted
Year Built:
1870
State:
MN
Property Style:
Other
Zip Code:
55976
Subdivision Name:
Wooldridge Add
Exterior
Garage Spaces:
0
Air Conditioning:
Window Unit(s)
Foundation Size:
5,905 ft2
Handicap Accessible:
Other
Heating System:
Boiler
Parking Features:
Parking Lot
Lot & Land
Acres:
0.161
Geolocation:
43.855354, -92.488896
Inclusions:
Building
Lot Dimensions:
52 x 320
Addl Parcels:
543431030319
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
1926
District Phone:
5075331438
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$22,812
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$22,812
Units
Total Units:
26
Miscellaneous
Current Use:
- Professional Service
- Residential
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Common
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of eXp Realty.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.