BYRON – A Rochester firm recently purchased 30 rental townhomes in Northeast Byron, plus almost 10 acres for future development for $7.45 million.
Nick and Elaine Stageberg, owners of Rochester-based Cygnet Real Estate LLC, acquired the townhomes along Byron's Stone Haven Drive Northeast in a deal that closed on Nov. 20.
They purchased the rental properties, which were built between 2018 and March 2020, from Stony Ridge Town Homes Byron LLC of Faribault. Stony Ridge Town Homes is led by Mike Benzinger, according to state records.
This property will be managed by the Stagebergs’ real estate management company, Black Swan Living Property Management, LLC.
The Stagebergs’ representatives say they hope to be able to expand the Byron development and build additional phases of townhomes on the adjacent land.
Rochester Realtor Ben Kall represented Stagebergs in the deal. Realtor Chad Behnken of Hamilton Real Estate Group represented the sellers.