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For Sale

Rosewood

1806 Lincoln Ave,
Montevideo, MN 56265

Asset Snapshot

1980
Year Built
1
Floor Count
1
Building Count
17
Parking Spots
10 Units
Unit Count
0 SF
Average Unit Size
5,800 SF
Property Size

Offering Summary

Investment Overview

Offered for sale (Vacant) is a 5,800 SF residential income property currently configured as a shared-living / group-home style residence. The building features 10 bedrooms with potential for 11–12 bedrooms, multiple shared bathrooms, and extensive common areas including shared kitchens, dining space, living and activity rooms, laundry facilities, and office space. The property includes ADA-accessible features such as grab bars, a handicap tub, and roll-in shower. Zoned R-2 Multi-Family Residential, the property offers future redevelopment or reconfiguration potential, subject to city approvals. This is not a traditional apartment building and does not contain individual dwelling units. Ideal for specialty housing operators, shared-living concepts, workforce housing, or investors seeking a value-add or redevelopment opportunity.


Investment Highlights

  • 5,800 SF residential building on approximately 0.58 acres
  • 10 bedrooms with potential for 11–12 bedrooms (buyer to verify)
  • Multiple shared bathrooms
  • Shared kitchens and dining area
  • Shared living room and activity/common space
  • Office space that may be convertible to a bedroom
  • ADA-accessible features including roll-in shower and handicap tub
  • Common laundry room
  • Forced-air heat; natural gas
  • City water and sewer
  • On-site paved parking
  • Zoned R-2 Multi-Family Residential
  • Suitable for shared-living, group home, or specialty residential use
  • Redevelopment or conversion potential subject to municipal approvals

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Listing Syndicated From

Buildout
For Sale
$449,900
Asking Price