Updated Oct 29, 2024
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
About this deal
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