Presenting an exclusive opportunity to acquire a meticulously maintained portfolio comprising 5 properties, all strategically positioned along the same block. This diverse collection features a total of 30 two-bedroom, 6 one-bedroom, and 8 three-bedroom units, offering a balanced mix to cater to various tenant demographics.
While easy to maintain not all units are currently optimized to their full market rental potential, recent capital investments totaling more than $100,000 (2023) have been dedicated to enhancing the portfolio's appeal. These upgrades include comprehensive flooring and appliance enhancements, underscoring a commitment to elevating the tenant experience and maximizing value.
With a proven track record of strong historically low occupancy rates, and the lack of rental property in a 25 mile radius, these properties represent a stable and lucrative investment opportunity. The the lack of rental property in a 25 mile radius supports the rents could be increased.
Conveniently situated just off of I -90 and 20 miles West of Winona and 20 miles East of Rochester which ranks inside the top 20 across all 390 Midwest metros for percent annual non farm payroll growth. Rochester's steady multifamily demand is fueled by its status as a healthcare hub centered around the globally renowned Mayo Clinic, Which attracts medical professionals and patients seeking extended stay options. Furthermore, the metros commitment to the Destination Medical Center (DMC) initiative, aiming to transform Rochester into a global destination for health and wellness, helps drive demand for multifamily housing to accommodate its expanding workforce and visitor base, Rochester's apartment market also benefits from its educational institutions, including the Mayo Clinic School of Medicine and the University of Minnesota Rochester.
Listing courtesy of Catherine D. Fox, Coldwell Banker River Valley, REALTORS
