422 Belgrade Ave - Apartments FOR SALE
North Mankato, MN 56003 |
$2,900,000 USD
612-337-1840
422 Belgrade Ave
North Mankato, MN 56003
HIGHLIGHTS
- Premium North Mankato location just steps from downtown, built in 2013.
- Compelling value-add opportunity with upside in apartment and retail rental rates.
- Ample off-street parking, in-unit laundry, and high-quality retail and office space.
- Newer construction built in 2013, reducing near-term capital expenditure risk.
- Quick connections to Highway 169 and proximity to downtown Mankato.
- Lower North Mankato corridor benefits from residential density and commercial activity.
FOR SALE DETAILS
PRICE
$2,900,000 USD
PRICE/SF
$120 USD /SF
# OF UNITS
15
PRICE/UNIT
$193,333
CAP RATE
6.88%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
BBC Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
2013
PARKING SPACES
36
LAND DETAILS
LAND ACRES
0.69 AC
LAND SF
30,056 SF
ZONING
-
APN/PARCEL ID
R-18.685.0340,R-18.685.0350
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612-337-1840
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612-337-1840
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