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875 21st Ave SE
Rochester, MN 55904
TwentyFirst Ave · Multifamily Property For Sale · 60 Units
PROPERTY FACTS
| No. Units | 60 | Lot Size | 2.74 AC |
| Property Type | Multifamily | Construction Status | Under Renovation |
| Property Subtype | Apartment | Building Size | 62,284 SF |
| Apartment Style | Low Rise | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1977/2024 |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 2.74 AC |
| Construction Status | Under Renovation |
| Building Size | 62,284 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1977/2024 |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
Site Amenities
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Grill
About 875 21st Ave SE , Rochester, MN 55904
DESTINATION MEDICAL CENTER The City of Rochester has seen significant public and private investment in recent years. The Mayo Clinic, The State of Minnesota and additional private capital sources have proposed a combined a $5.6 billion-dollar investment over the next 20 years, to further cement Rochester as the world’s leading destination medical center. The initiative proposes 35,000 – 45,000 new jobs in the Rochester area. RENOVATED SHELL AND MECHANICALS The Edge has seen extensive exterior renovations, including new vinyl siding around the entire property. Updates have also been made to the property’s mechanical systems, including a new boiler and water heaters. PROXIMITY TO RCTC The Edge is located five blocks to the south of Rochester Community Technical College (RCTC) and two blocks to the west of Winona State University – Rochester (WSU – Rochester). RCTC has a full-time enrollment of 7,500 and WSU-Rochester’s is 850. These two schools offer well over 100 degree programs, all within walking distance of the property.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 15 | - | -1 - 900 |
| 2+2 | 15 | - | -1 - 900 |
| 3+1 | 30 | - | -1 - 1,000 |
PROPERTY TAXES
| Parcel Number | 63.06.31.053799 | Improvements Assessment | $3,376,300 |
| Land Assessment | $600,000 | Total Assessment | $3,976,300 |
PROPERTY TAXES
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