For Sale: Mankato MLS# 6686743
Active
$695,000
Commercial: Apartments
Built 1920
0.07 acres
Mankato schools
MLS# 6686743
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Property Description
This fully leased six-unit investment property is a fantastic opportunity for any investor. Five of the 6 units have been updated. The building features a newer roof, new appliances, modern flooring, and energy-efficient windows. Each unit is heated with electric baseboard heat, ensuring low-maintenance and reliable warmth. A newly installed secured common entrance enhances tenant safety and adds to the propertyâ??s appeal. With strong rental demand in the area, this turnkey property offers immediate cash flow and long-term investment potential. Donâ??t miss out on this low-maintenance, income-generating opportunityâ??schedule a showing today!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$695,000
Property Type:
Commercial
City:
Mankato
Garage Spaces:
0
County:
Blue Earth
Year Built:
1920
State:
MN
Property Style:
Apartments
Zip Code:
56001
Subdivision Name:
Mankato
Exterior
Stories:
Two
Garage Spaces:
0
Other Parking Spaces:
0
Foundation Size:
2,880 ft2
Foundation Dimensions:
2880
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
On-Street Parking Only
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.07
Geolocation:
44.165297, -94.001636
Inclusions:
Building
Lot Dimensions:
.06 acres
Zoning:
Residential-Multi-Family
Schools
School District:
77
District Phone:
507-387-1868
Expenses
Tenant Expenses:
Cable TV, Electricity, Fuel, Janitorial Service, Grounds Care, Sewer, Snow Removal, Trash Collection
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,412
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$5,442
Units
Total Units:
6
Miscellaneous
Current Use:
Other
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of True Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.