520 S 2nd St - Multi-Family FOR SALE


Mankato, MN 56001- Downtown Mankato
$550,000 USD
651-500-4720
520 S 2nd St, Mankato, MN for Sale
$550,000 USD
Multi-Family - FOR SALE
1/39
null | 8.16% Cap Rate

520 S 2nd St
Mankato, MN 56001
Downtown Mankato


HIGHLIGHTS

  • Off Campus Student Housing on the bus line
  • Four streams of income $$$ Apartments/outdoor parking spaces/garage
  • A+ walking score - bars, restaurants, groceries, entertainment, professional services, everything downtown

OVERVIEW

CONTRACT for DEED considered. Price and all terms negotiable. LOCATED IN AN OPPORTUNITY ZONE. ZONED CBDF-central business district fringe. Bring in all offers. Control this property for a flexible low down payment and easy terms. Zoned for commercial or residential use. Rented parking spaces ($365/month), Rented garage ($200/month). Nine bedrooms, four bathrooms.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

2

PRICE/UNIT

$275,000

CAP RATE

8.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1884

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Comm./Multi Family res.

APN/PARCEL ID

R01-09-18-106-027

ASK ABOUT THIS PROPERTY

Kevin GoettlKevin GoettlMore Info
651-500-4720

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Kevin GoettlKevin GoettlMore Info
651-500-4720

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.