906 / 1002 NE 2nd Street
Rochester, MN 55906
MLS #4757127

Commercial
  • 0.44acres
$399,900
Est. P&I payment: $1527.35/mo
906 / 1002 NE 2nd Street, Rochester, MN 55906
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Description for 906 / 1002 NE 2nd Street, Rochester, MN 55906
Richard's Commercial Strip Center has $54,600 annual gross operating income. There are 8 vacant office/art studios.
MLS #4757127
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My Notes for MLS #4757127

General Features

  • Acres: 0.44
  • Current Use: Professional Service,​Commercial
  • Foreclosure Status: No
  • Year Built: 1965
  • Sale Includes: Building,​Land,​Leases
  • Total Number of Units: 7
  • Status: Active

Exterior Features

  • Exterior: Metal
  • Parking Characteristics: Attached Garage,​Insulated Garage,​Heated Garage,​Driveway - Asphalt,​Garage Door Opener
  • Road Frontage: City,​Paved Streets
  • Lot Description: Corner Lot,​Zero Lot Line
  • Lot Dimensions: 50x420
  • Garage Stalls: 4
  • Other Parking Spaces: 10

Interior Features

  • Building Finished Square: 12,432
  • Handicap Accessible: No Stairs Internal
  • Basement: Slab
  • Roof: Asphalt Shingles,​Pitched

Utilities Features

  • Heating: Forced Air
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Caretaker Expense: 2,400
  • Annual Insurance Expense: 3,500
  • Annual Repair Expense: 500
  • Annual Gross Expense: 6,736
  • Total Annual Expenses: 19,448
  • Annual Water/Sewer Expense: 336
  • Tenant Expenses: Water/Sewer,​Electric,​Fuel,​Maintenance/Repair,​Janitorial,​Trash,​Snow,​Lawn
  • Unit 1 Monthly Rent: 1,200
  • Unit 2 Monthly Rent: 100
  • Unit 3 Monthly Rent: 200
  • Unit 4 Monthly Rent: 750
  • Unit 5 Monthly Rent: 800
  • Unit 6 Monthly Rent: 1,300
  • Unit 7 Monthly Rent: 200
  • Annual Net Income: 35,152
  • Tax Amount: 12,702
  • Tax With Assessments: 12,702
  • Tax Year: 2016
  • Annual Gross Income: 54,600

Community Features

  • County: Olmsted
  • Municipality: Rochester
  • Postal City: Rochester (MN)

School Features

  • School District: 535 - Rochester
  • School District Phone: 507-328-3000

Misc Features

  • Foundation Size: 8,986
  • Zoning: Business/Commercial
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
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Directions to 906 / 1002 NE 2nd Street, Rochester, MN 55906
11th Ave NE to 2nd St NE
The listing information for 906 / 1002 NE 2nd Street, Rochester, MN 55906 was graciously provided by our friends at the listing brokerage, RE/MAX Results

Get Financing for 906 / 1002 NE 2nd Street, Rochester, MN 55906

Pacific Union Financial
Chris Dunn
9240 Baltimore St NE #110
Blaine, MN 55449
612-618-3888 Mobile
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P&I Payment $1527.35
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Last Updated 11/20/2017 at 4:07pm
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