1903 17th St SE | Rochester, MN 55904
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- LoopNet Team
1903 17th St SE
Rochester, MN 55904
Sutton Place · Build-to-Rent Property For Sale
·
72 Units
INVESTMENT HIGHLIGHTS
- Meticulously maintained 72-unit asset featuring spacious one-bedroom layouts averaging 655 SF, each with individual forced-air furnaces.
- Significant value-add opportunity through raising below-market rents—currently averaging $753/month—to market levels.
- Prime location near McQuillan Park with easy access to shopping, dining, and major Rochester employment drivers, including Mayo Clinic.
- Long-term ownership and on-site leasing office provide operational stability and a seamless resident experience.
- Located on a 3.03-acre site with approximately 188 surface parking stalls, offering ample parking for residents and guests.
- Situated in one of Minnesota’s strongest rental markets, supported by population growth, low vacancy rates, and robust demand for workforce housing.
PROPERTY FACTS
| No. Units | 72 | Total Plot Size | 3.04 ac |
| Property Type | Build-to-Rent | Property Size | 51,676 sq ft |
| Property Subtype | Apartment | Average Occupancy | 99% |
| Apartment Style | Low-Rise | No. Floors | 3 |
| Costar Property Class | B | Year Built | 1979 |
| No. Units | 72 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Costar Property Class | B |
| Total Plot Size | 3.04 ac |
| Property Size | 51,676 sq ft |
| Average Occupancy | 99% |
| No. Floors | 3 |
| Year Built | 1979 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT PCM | sq ft |
|---|---|---|---|
| 1+1 | 72 | - | 624 |
PROPERTY TAXES
| Parcel Number | 63.07.23.020379 | Improvements Assessment | £2,928,808 |
| Land Assessment | £538,315 | Total Assessment | £3,467,124 |
PROPERTY TAXES
Parcel Number
63.07.23.020379
Land Assessment
£538,315
Improvements Assessment
£2,928,808
Total Assessment
£3,467,124
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