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1515 41st St NW, Rochester,...

WCI Rochester LLC, JA Rochester Heights LLC, BP Rochester Heights LLC & AA Rochester Heights LLC Acquire 147-Unit Multifamily Property In Rochester, MN For $17.9M
SOLDMultiFamily

WCI Rochester LLC, JA Rochester Heights LLC, BP Rochester Heights LLC & AA Rochester Heights LLC Acquire 147-Unit Multifamily Property In Rochester, MN For $17.9M

1515 41st St NW, Rochester, Minnesota 55901, United States

$17,900,000

Units

147

Asset Type

MultiFamily

Closing

Dec 18, 2022

AI

WCI Rochester LLC, JA Rochester Heights LLC, BP Rochester Heights LLC, and AA Rochester Heights LLC have collectively acquired a multifamily property located at 1515 41st St NW in Rochester, MN. The property, consisting of 147 units, was sold by Timberland Partners for a total price of $17,900,000, resulting in an average price per unit of $121,769.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $17,900,000
  • Address: 1515 41st St NW, Rochester, MN
  • Market: Rochester, MN
  • Buyer: WCI Rochester LLC, JA Rochester Heights LLC, BP Rochester Heights LLC & AA Rochester Heights LLC
  • Seller: Timberland Partners
  • Units: 147
  • Price Per Unit: $121,769

The buyers of the property were represented by their respective brokers: WCI Rochester LLC's REP, JA Rochester Heights LLC's REP, BP Rochester Heights LLC's REP, and AA Rochester Heights LLC's REP.

Players

WL
WCI Rochester LLCBuyer
TP
Timberland PartnersSeller

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

0.89%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93