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
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