916 8th Avenue SW
Rochester, MN 55902
MLS# 5763932
Status: Closed
4 beds | 2 baths | 2952 sqft
Rochester, MN 55902
MLS# 5763932
Status: Closed
4 beds | 2 baths | 2952 sqft
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Property Description
Great location. Wonderful investment opportunity with this duplex located in the heart of SW Rochester and walking distance to Mayo Clinic. Restaurants, shopping and parks walking distance as well. Strongrental history. Both units have 2 bedrooms and 1 full bath plus hardwood floors. Dual systems for hotwater heater, furnace, and central air. Basement is clean, and dry with drain tile system recently added. Laundry hook ups in basement. Fully fenced back yard. This property would also make for a very desirable Single Family Conversion property in a neighborhood that is established and very highly sought after. Leases in place for both units until May 31, 2022.
Details
Maps
None
Allow Auto Valuation Display?: No
Allow Consumer Comment: No
MLSID: RMLS
Contract Information
Availability: Unavailable
Status: Closed
Off Market Date: 2021-06-09
Contingency: None
Current Price: $385,300
Closed Date: 2021-07-13
Original List Price: 350000
Sales Close Price: 385300
List Date: 2021-05-27
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: SEMR
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Owner Occupied: No
Year Built: 1938
Yearly/Seasonal: Yearly
Bedrooms: 4
Bath Full: 2
Baths Total: 2
Main Floor Total SqFt: 984
Above Ground SqFt: 1968
Below Grd Total SqFt: 984
Total SqFt: 2952
FireplaceYN: No
Foundation Size: 704
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1968.00
Garage Stalls: 2
Lot Dimensions: 169x54
Acres: 0.21
Assessment Pending: No
Location, Tax and Other Information
Elementary School: Folwell
High School: Mayo
Legal Description: SECT-02 TWP-106 RANGE-014 WILLIAMS HEALYS & CORNFORTHS LOT-012 BLOCK-004 S1/2 LOT 12 AND N29FT LOT 13 BLK 4
Map Page: 999
Middle School: Willow Creek
Municipality: Rochester
Rental License?: Yes
School District Phone: 507-328-3000
House Number: 916
Street Name: 8th
Street Suffix: Avenue
Street Direction Suffix: SW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Zip Plus 4: 1157
Map Coordinate Source: King's Street Atlas
Property ID Number: 640232024798
Tax Year: 2021
In Foreclosure?: No
Tax Amount: 4702
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Great location. Wonderful investment opportunity with this duplex located in the heart of SW Rochester and walking distance to Mayo Clinic. Restaurants, shopping and parks walking distance as well. Strongrental history. Both units have 2 bedrooms and 1 full bath plus hardwood floors. Dual systems for hotwater heater, furnace, and central air. Basement is clean, and dry with drain tile system recently added. Laundry hook ups in basement. Fully fenced back yard. This property would also make for a very desirable Single Family Conversion property in a neighborhood that is established and very highly sought after. Leases in place for both units until May 31, 2022.
Directions: Take Hwy 52 to 6th St exit. East on 6th to 9th Ave SW. Right on 9th, duplex is on the left.
Assessments
Tax With Assessments: 4702
Building Information
Finished SqFt Above Ground: 1968
Income and Expenses
Annual Gross Expenses: 5791
Annual Gross Income: 21600
Annual Insurance Expense: 1400
Annual Maintenance Expense: 3960
Annual Repair Expense: 1832
Total Annual Expenses: 5791
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: SEMR
Miscellaneous Information
FIPS Code: 27109
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 378
Public Survey Info
Range#: 14
Section#: 2
Township#: 106
Unit Details
Total Units: 2
Property Features
Accessible: None
Basement: Concrete Block; Drain Tiled; Full
Construction Status: Previously Owned
Exterior: Steel Siding
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Forced Air
Lock Box Type: Supra
Parking Characteristics: Shared Garage/Stall; Detached Garage; Garage Door Opener
Rental License Type: Standard
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Stories: Two
Water: City Water/Connected
Listing Office: Keller Williams Premier Realty
Last Updated: January - 05 - 2023
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