105 Main St

105 Main St ,
Stewartville , MN 55976

 

$1,850,000
Price
26
Number of Units
$71,154
Price Per Unit
15,621
Building SF
7.10%
Cap Rate
1870,1965
Year Built
$1,850,000
Price
26
Number of Units
$71,154
Price Per Unit
15,621
Building SF
7.10%
Cap Rate
1870,1965
Year Built

  • **Value-Add Potential**: While we have updated many units, there is still value to be had in updating the remaining units as they com up for lease. Unlock the true potential of 105 Main St with value-add opportunities that promise to enhance the property's overall value. We have taken the rent roll from $14K in Sept 2023 to $19500 currently. With more units to update, RUBS to be started and a vacant commercial space to lease or convert to residential, there is still plenty of value add opportunity to be had
  • Proven Track Record: Backed by a history of successful tenancy and strong rental performance, 105 Main St has a proven track record of financial stability and growth. Investors can rest assured knowing that this property has a solid foundation for long-term success and a promising ROI that stands out in the market, in addition to having cash flow from day 1

  • Stewartville, Minnesota, is a small but growing city located just south of Rochester, making it an attractive spot for both residents and investors looking for a quieter, suburban lifestyle with easy access to bigger cities. With a population of around 6,900 people and a steady growth trajectory (1.5% growth over the last 35 years, 2.5% growth the last 5 years), the city offers a family-friendly atmosphere, excellent schools, and a variety of recreational amenities, including parks, sports facilities, and community events. Its proximity to Rochester, known for the Mayo Clinic and the Destination Medical Center initiative, promises ongoing economic growth and development in the area, which may increase demand for housing.
FOR MORE DETAILS CONTACT
Chris Missling
Senior Vice-President
(612) 812-1317
Chris@GJGcommercial.com
40756935
David Kampmeyer
Vice-President
(612) 718-4444
David@GJGCommercial.com
40916733