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$1,425,000

  • For Sale
  • Active
  • Office
  • 800 Sq. Ft.
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Exciting opportunity to purchase 17 individually titled condo units in the same association! Fully rented units with great cash flow. Association fee $170/unit/month. Association fee covers lawn, snow, garbage & water. Tenant pays all other utilities. Sale includes 17 units individually titled. 15 units in 540 building, 2 units in 602 building. 58 total units between the two buildings.

Full Property Details for 540 Northern Hills Dr NE

General

  • Price: $1,425,000
  • Taxes: $12,308 (2024)
  • Status: Active
  • Type: Office
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6630491
  • Updated: 12/3/2024
  • Added to Site: 43 day(s) ago

Parking

  • Parking Features: Paved

Location

  • County: Olmsted
  • Subdivision: Northern Hills Two-Torrens
  • Driving Directions: Corner of Broadway Ave N & Northern Hills Dr NE

School Information

  • School District: 535 - Rochester
  • High School District: Rochester

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate, Hot Water Common

Structural Information

  • Exterior Const.: Stucco
  • Foundation Size: 800
  • Disability Access: None
  • Square Feet: 800
  • Finished Down/Base.: 800 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1978

Lot Features

  • Lot Dimensions: 0 x 0
  • Zoning: Residential-Single Family

Financial Considerations

  • Tax Amount: $12,308
  • Tax Year: 2024

Disclosures and Reports

  • Legal Description: SECT-25 TWP-107 RANGE-014 NORTHERN HILLS TWO-TORRENS UNIT 33 NORTHERN HILLS 2 & UNDIV 1.7242 0/0 INT IN COMMON ELEMENTS OF NORTHERN HILLS 2 ALL ON LOT 28 BLK 1 & PT OF LOT 29 BLK 1 DES AS FOLLOWS BEG AT NECOR SD LOT 29 TH SW AL E LINE 265.25FT TH NW40.99FT TH NE 267.55FT TO
  • Inclusions: Leases, Rental License
  • Property ID: 742521016778

Listed by Infinity Real Estate

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— 540 Northern Hills Dr NE —

  • Infinity Real Estate

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NMLS#: 1598647

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 540 Northern Hills Dr NE

School District:Rochester Public Schools
RatingNameGradesDistance
NR
Churchill Elementary School, Rochester, MN
2240 7th Ave Ne, Rochester, MN 55906
PK-20.3 mi
NR
Hoover Elementary School, Rochester, MN
369 Elton Hills Dr Nw, Rochester, MN 55901
3-50.8 mi
NR
Kellogg Middle School
503 17th St Ne, Rochester, MN 55906
6-80.6 mi
7
Century Senior High School
2525 Viola Rd Ne, Rochester, MN 55906
9-121.4 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 540 Northern Hills Dr NE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/03/2024
Price Reduced
$1,425,000
-5%
MLS
11/13/2024
Listed
$1,500,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 540 Northern Hills Dr NE

Year
Property Taxes
Change
Tax Assessment
Change
2023
100%
100%
2021
100%
100%
2020
100%
100%
2019
100%
-100%
2019
100%
$100
—
2017
100%
$100
—
2016
100%
$100
—
2015
—
$100
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Infinity Real Estate

Price Reduced near 540 Northern Hills Dr NE

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303 Central Ave S, Dodge Center, MN 55927 - Photo 1 Price Reduced
-$5,000 (-2.94%)
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303 Central Ave S  Dodge Center, MN 55927

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318 1st St SE, Hayfield, MN 55940 - Photo 1 Price Reduced
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318 1st St SE  Hayfield, MN 55940

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423 Olive St, West Concord, MN 55985 - Photo 1 Price Reduced
-$8,100 (-5.47%)
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423 Olive St  West Concord, MN 55985

  • Single Family
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  • Updated 2 days ago
  • 3
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Listed by BEX Realty, LLC

Recent Sales near 540 Northern Hills Dr NE

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2414 2420 & 2426 30th Ave NW, Rochester, MN 55901 - Photo 1 Sold
$1,400,000

2414 2420 & 2426 30th Ave NW  Rochester, MN 55901

  • Office
  • Closed
  • 3,600
    Sq. Ft.
  • 0.21
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Listed by Dwell Realty Group LLC
Sold by Real Broker, LLC.
1548 Shannon Oaks Blvd NE, Rochester, MN 55906 - Photo 1 Sold
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1548 Shannon Oaks Blvd NE  Rochester, MN 55906

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    Sq. Ft.
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Sold by Edina Realty, Inc.
1120 Chippewa Dr NW, Rochester, MN 55901 - Photo 1 Sold
$1,375,000

1120 Chippewa Dr NW  Rochester, MN 55901

  • Single Family
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  • 6
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1003 Hunters Point Ln SW, Rochester, MN 55902 - Photo 1 Sold
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1003 Hunters Point Ln SW  Rochester, MN 55902

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  • Updated 8 days ago
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Listed and Sold by Edina Realty, Inc.

540 Northern Hills Drive NE, Rochester, MN 55906 (MLS# 6630491) is a Office property. 540 Northern Hills Drive NE is currently listed for $1,425,000 and was received on November 13, 2024. Want to learn more about 540 Northern Hills Drive NE? Do you have questions about finding other Office real estate for sale in Rochester? You can browse all Rochester real estate or contact a Coldwell Banker agent to request more information.

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