For Sale: Mankato MLS# 6712970
Active
NEW!
$420,000
Commercial: Apartments
Built 1870
0.14 acres
Mankato schools
MLS# 6712970
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
Solid Investment Opportunity â?? Fully Rented 6-Unit Property with Reliable Cash Flow
If you're looking for a dependable, income-producing multifamily, this 6-unit property delivers steady performance and solid numbers from day one.
Property Highlights:
Fully Occupied: All 6 units are currently rented with long-term, reliable tenants.
Consistent Cash Flow: Proven income history makes this a great option for buy-and-hold investors. Current monthly rents total $5025.
Low Turnover: Tenant stability helps keep vacancy and turnover costs low.
Practical Updates: Some recent improvements in the past couple of years (flooring, paint, and misc. interior work).
Location: Set in a convenient area with easy access to local businesses and public transportation â?? ideal for renters looking for value.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$420,000
Property Type:
Commercial
City:
Mankato
Garage Spaces:
0
County:
Blue Earth
Year Built:
1870
State:
MN
Property Style:
Apartments
Zip Code:
56001
Subdivision Name:
Auditors 4
Exterior
Garage Spaces:
0
Other Parking Spaces:
6
Foundation Size:
2,063 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Parking Lot
Exterior Material:
Block
Lot & Land
Acres:
0.14
Geolocation:
44.160737, -94.00391
Inclusions:
Building
Lot Dimensions:
55 x 100
Zoning:
Residential-Multi-Family
Schools
School District:
77
District Phone:
507-387-1868
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$5,164
Lender-owned:
No
Assessment Pending:
Unknown
Taxes w/ Assessments:
$5,194
Units
Total Units:
6
Miscellaneous
Current Use:
Residential
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Listing provided by RMLS,
courtesy of Financially Free, LLC.
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.