Log In/Sign Up
Your email has been sent.
The Hue 33 4th St SW 50 Unit Apartment Building For Sale Rochester, MN 55902
Investment Highlights
- $2,038 Average Furnished Rent
- +$577/ Month Additional Monthly Rent
- 38.3% Premium Over Unfurnished Homes
- Furnished Homes Currently in Operation
Executive Summary
Michel Commercial is pleased to present The Hue, a 50-home apartment community located in downtown Rochester with ground-floor retail and Minnwest Bank as the tenant. Built in 2020, the property offers investors the opportunity to acquire a modern asset featuring in-unit laundry, rooftop deck and fire pit, underground parking, and a highly walkable location, with nearby skyway access to the Mayo Clinic.
Skyway Connected to Mayo Clinic
The Hue is ideally located, with nearby skyway access to the Mayo Clinic offering a highly desirable location for Mayo employees—including nurses, physicians, and medical residents—as well as long-term patients who require convenient access to ongoing treatment.
Investment Potential
The Hue is well-positioned to expand the numberof furnished homes to serve traveling healthcare professionals and patients requiring extended stays.
The property currently offers three furnished homes that achieve an average rental premium of 38.3% (or $577 more per month) than unfurnished homes at the property, demonstrating the strong demand and income potential associated with increasing the number of furnished homes.
Skyway Connected to Mayo Clinic
The Hue is ideally located, with nearby skyway access to the Mayo Clinic offering a highly desirable location for Mayo employees—including nurses, physicians, and medical residents—as well as long-term patients who require convenient access to ongoing treatment.
Investment Potential
The Hue is well-positioned to expand the numberof furnished homes to serve traveling healthcare professionals and patients requiring extended stays.
The property currently offers three furnished homes that achieve an average rental premium of 38.3% (or $577 more per month) than unfurnished homes at the property, demonstrating the strong demand and income potential associated with increasing the number of furnished homes.
Property Facts
| Sale Type | Investment | Lot Size | 0.20 AC |
| No. Units | 50 | Building Size | 50,000 SF |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 2020 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.24/1,000 SF |
| Building Class | B | Opportunity Zone |
Yes
|
| Zoning | CDC-CBD | ||
| Sale Type | Investment |
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.20 AC |
| Building Size | 50,000 SF |
| No. Stories | 6 |
| Year Built | 2020 |
| Parking Ratio | 0.24/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | CDC-CBD |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Picnic Area
- Cabana
- Grill
- Roof Terrace
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | 518 |
| 1+1 | 25 | - | 580 |
| 2+1.5 | 4 | - | 709 |
| 2+2 | 5 | - | 933 |
Very walkable
80/100
Moderately drivable
60/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 64.02.12.017784 | Improvements Assessment | $14,365,330 CAD |
| Land Assessment | $945,378 CAD | Total Assessment | $15,310,708 CAD |
Property Taxes
Parcel Number
64.02.12.017784
Land Assessment
$945,378 CAD
Improvements Assessment
$14,365,330 CAD
Total Assessment
$15,310,708 CAD
Contacts
-
Heidi Addo -
Jesse Thurston -
Ukee Dozier -
Stacie Mugazia -
Michel Commercial Real Estate
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
The Hue | 33 4th St SW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.