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1515 41st St. NW

WCI Rochester LLC, JA Rochester Heights LLC Acquire Multifamily In Rochester For $17.9M
SOLD

WCI Rochester LLC, JA Rochester Heights LLC Acquire Multifamily In Rochester For $17.9M

1515 41st St. NW

Units

17,900,000

Asset Type

Closing

Dec 18, 2022

AI

The multifamily property located at 1515 41st St NW in Rochester, MN, was recently sold for $17,900,000. The property consists of 147 units, resulting in a price per unit of $121,769.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,900,000
  • Units: 147
  • Price Per Unit: $121,769
  • Address: 1515 41st St NW
  • Market: Rochester, MN

The buyers of the property were WCI Rochester LLC, JA Rochester Heights LLC, BP Rochester Heights LLC, and AA Rochester Heights LLC, while the seller was Timberland Partners.

Players

WL
WCI Rochester LLCBuyer
TP
Timberland PartnersSeller

Rochester CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93