For Sale: Mankato MLS# 7098936
Active
NEW!
$500,000
Multi-family: Duplex Up and Down
9 br • 5 ba • Built 1884
3,000 sqft • 0.239 acres
Mankato schools
MLS# 7098936
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Property Description
Motivated seller. Lease option or CONTRACT for DEED possible. Price in all terms negotiable. LOCATED IN AN OPPORTUNITY ZONE. ZONED CBDF-central business district fringe. Bring in all offers. Control this property for flexible down payment and terms, triple net lease preferred. Zoned for commercial or residential use. Rented parking spaces. Rented garage. Nine bedrooms, four bathrooms
Listing
Listing Status:
Active
Contingency:
None
List Price:
$500,000
Price per sq ft:
$167
Property Type:
Multi-family
City:
Mankato
Garage Spaces:
2
County:
Blue Earth
Year Built:
1884
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
56001
Subdivision Name:
Auditors 1
Interior
Bedrooms:
9
Bathrooms:
5
Finished Area:
3,000 ft2
Living Area:
3,000 ft2
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
544 ft2
Foundation Size:
1,000 ft2
Foundation Dimensions:
0
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Assigned
- Parking Lot
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.239
Geolocation:
44.16267, -94.005939
Lot Dimensions:
66 x 157.5
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
77
District Phone:
5073871868
Expenses
Annual Caretaker Expense:
$3,000
Annual Electric Expense:
$8,060
Annual Fuel Expense:
$1,200
Annual Insurance Expense:
$2,100
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Broadband, Cable TV, Telephone
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,410
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,410
Income
Annual Gross Income:
$71,520
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$44,894
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of RE/MAX Results.
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.