Rochester, MN 55906 540 Northern Hills Drive NE
$1,425,000
5 more
Presented By: Infinity Real Estate
SQFT • 800
Home Details
Exciting opportunity to purchase 17 individually titled condo units in the same association! Fully rented units with great cash flow. Association fee $170/unit/month. Association fee covers lawn, snow, garbage & water. Tenant pays all other utilities. Sale includes 17 units individually titled. 15 units in 540 building, 2 units in 602 building. 58 total units between the two buildings.
Presented By: Infinity Real Estate
Interior Features for 540 Northern Hills Drive NE
Other Interior Features
Basement (Y/N)No
FuelNatural Gas
General for 540 Northern Hills Drive NE
AccessibilityNone
Additional Parcels Y/NNo
CityRochester
Construction MaterialsStucco
ContingencyNone
CountyOlmsted
Current UseResidential
DirectionsCorner of Broadway Ave N & Northern Hills Dr NE
Garage Spaces
HeatingForced Air
High School DistrictRochester
Land Lease Y/NNo
Lender OwnedNot disclosed
Lot Size UnitsAcres
NumberOfUnitsTotal58
PostalCityRochester
Property SubtypeLow Rise
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameNorthern Hills Two-Torrens
Tax Annual Amount12308
Tax Year2024
UtilitiesElectric Separate, Heating Separate, Hot Water Common
Year Built1978
Zoning DescriptionResidential-Single Family
Exterior for 540 Northern Hills Drive NE
Building Area Total800
Foundation Area800
InclusionsLeases, Rental License
Lot Size Area0
Parking FeaturesPaved
Water SourceCity Water/Connected
Additional Details
Price History
Herbie and Sara Nivala
Realtor® MN