Updated Oct 29, 2024
Multi Family Capital Partners Acquires 72-Unit Multifamily In Rochester, MN For $5.9M
1405 Marion Road Southeast Rochester, Minnesota 55904, Usa
$5,900,000
Units
72
Asset Type
MultiFamily
Closing
May 14, 2023
About this deal
AI
The multifamily property located at 1405-1455 Marion Road Southeast in Rochester, MN has been sold for a total price of $5,900,000. The property consists of 72 units, resulting in a price per unit of $81,944. The sale took place on May 14, 2023, and the buyer was Multi Family Capital Partners while the seller was Bear Creek, LLC.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,900,000
- Address: 1405-1455 Marion Road Southeast, Rochester, MN
- Market: Rochester, MN
- Units: 72
- Price Per Unit: $81,944
Multi Family Capital Partners acted as the buyer in this transaction, while Bear Creek, LLC represented the seller. The sale of this multifamily property represents an impactful deal in the Rochester market.
Players
Rochester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.69%
Cash-on-Cash
-0.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93