For Sale: Mankato MLS# 7046237
Active
$1,650,000
Commercial: Other
28 br • 12 ba • Built 1961
0.674 acres
MLS# 7046237
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Property Description
Rare opportunity to acquire two large 4plexes near MSU Campus! 100% fully leased through July of 2027. Monthly Rent total is $14, 775. There are four 5bedroom units and four 2bedroom units. Full financials and rent roll available upon request.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,650,000
Property Type:
Commercial
City:
Mankato
Garage Spaces:
0
County:
Blue Earth
Year Built:
1961
State:
MN
Property Style:
Other
Zip Code:
56001
Subdivision Name:
Meurers Sub
Interior
Bedrooms:
28
Bathrooms:
12
Ceiling Height:
8-10
Refrigerators:
One Per Unit
Appliances Included:
- Dishwasher
- Dryer
- Exhaust Fan
- Gas Water Heater
- Range
- Refrigerator
- Washer
Basement Details:
- Block
- Egress Window(s)
- Finished
- Full
- Sump Basket
- Sump Pump
Exterior
Garage Spaces:
0
Air Conditioning:
Wall Unit(s), Window Unit(s)
Foundation Size:
1,836 ft2
Foundation Dimensions:
27 x 68
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
- Parking Lot
- Paved Lot
Roof Details:
Asphalt
Lot & Land
Acres:
0.674
Geolocation:
44.153282, -93.988195
Inclusions:
Building, Leases, Rental License
Lot Dimensions:
219 x 134
Addl Parcels:
R010917355004
Zoning:
Residential-Multi-Family
Schools
School District:
2262
District Phone:
5073871868
Expenses
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$12,790
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,810
Income
Annual Gross Income:
$177,300
Units
Total Units:
8
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Hot Water Common
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 Top Tier Real Estate 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.