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
About this deal
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.
On the Map
Players
Rochester CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
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