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Multifamily

Creekside Apartments

1505 Marion Rd SE, Rochester, MN 55904

Listing Price: $6,700,000

Cap Rate
5.90%
Number of Units
72
GRM
8.32
Occupancy
95.0%
Price/Unit
$93,056

Investment Overview

Creekside Apartments is a 72-unit, multifamily asset built in 1992 with some renovations done in 2015. The unit mix consists of 3 - One Bed units, 53 Two Bed units, and 16 - Three Bed units. The property features on-site laundry, playground, garages, and ample off-street parking. Each unit features a walkout patio/ deck and quick access to the many amenities of Rochester, MN.

Investment Highlights

  • Playing Fields and Parks within walking distance
  • Two miles to downtown Rochester and the Mayo Clinic
  • Walking distance to Longfellow Choice Elementary, Kiwi Trip, and numerous restaurant

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s) MN: 40583288

    Minnesota

Listing Price: $6,700,000

Cap Rate
5.90%
Number of Units
72
GRM
8.32
Occupancy
95.0%
Price/Unit
$93,056

Investment Highlights

  • Playing Fields and Parks within walking distance
  • Two miles to downtown Rochester and the Mayo Clinic
  • Walking distance to Longfellow Choice Elementary, Kiwi Trip, and numerous restaurant

Investment Overview

Creekside Apartments is a 72-unit, multifamily asset built in 1992 with some renovations done in 2015. The unit mix consists of 3 - One Bed units, 53 Two Bed units, and 16 - Three Bed units. The property features on-site laundry, playground, garages, and ample off-street parking. Each unit features a walkout patio/ deck and quick access to the many amenities of Rochester, MN.

Exclusively Listed By

Broker of Record

  • Jon Ruzicka

    First Vice President Investments

    (952) 852-9700

    License(s): MN: 40583288

    Minnesota

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