Apartment Buildings /MN /Blue Earth County /Mankato /520 S 2nd St
Apartment Buildings /MN /Blue Earth County /Mankato /520 S 2nd St

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 | 8.57% Cap Rate
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520 S 2nd St
Mankato, MN 56001
Downtown Mankato

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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

9 bedroom 5 bathroom Licensed Duplex in the heart of Downtown Mankato. Monthly rent is $5015.00. Tenants pay natural gas and elec./owner pays water/sewer. Located in an "OPPERTUNITY ZONE"! One lease covers both units $4500/month, garage rents for $150/month, surface parking rents for $365/month.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$143 USD /SF

# OF UNITS

2

PRICE/UNIT

$275,000

CAP RATE

8.57%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

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.

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