For Sale: North Mankato MLS# 6690456
Active
$1,800,000
Commercial: Apartments
Built 1980
0.69 acres
Mankato schools
MLS# 6690456
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Property Description
Prime 12-unit - 12 garage apartment complex in Upper North Mankato is a fantastic investment opportunity, offering 100% occupancy and superb rental history. All 12 units are spacious two-bedroom apartments, with upper-level units featuring walk-out decks from both the living room and main bedroom. Five remodeled units with new flooring, cabinets, counter tops, vanity & lighting. Separate electric meters, wall A/C units in all apartments, & coin-operated laundry for extra income. Don�??t miss out on this strong rental property with a proven track record of full occupancy and steady cash flow for a long-term investment.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,800,000
Property Type:
Commercial
City:
North Mankato
Garage Spaces:
12
County:
Nicollet
Year Built:
1980
State:
MN
Property Style:
Apartments
Zip Code:
56003
Interior
Appliances Included:
- Dishwasher
- Range
- Refrigerator
Exterior
Garage Spaces:
12
Other Parking Spaces:
12
Air Conditioning:
Wall Unit(s)
Foundation Size:
4,248 ft2
Handicap Accessible:
None
Heating System:
Baseboard
Parking Features:
- Asphalt
- Detached
- Parking Lot
Shared Amenities:
Coin-op Laundry Owned
Exterior Material:
Brick/Stone
Lot & Land
Acres:
0.69
Geolocation:
44.171509, -94.049218
Inclusions:
Building
Lot Dimensions:
186 x 183 x 210 x 123
Zoning:
Residential-Multi-Family
Schools
School District:
77
District Phone:
507-387-1868
Expenses
Tenant Expenses:
Electricity
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$15,627
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$15,816
Units
Total Units:
12
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Common
- Electric Separate
Water System:
City Water/Connected
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Listing provided by RMLS,
courtesy of Keller Williams Premier Realty.
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.