For Sale: Mankato MLS# 7025043
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
LOCATED IN AN OPPORTUNITY ZONE. This investment property has four streams of income. There is a main level five bedroom, three bath apartment. There is an upper level four bedroom one bath apartment. Both apartments include a washer/dryer. There is off street parking for tenants and guests. There are six rented parking stalls adding extra income. The double garage is also rented separately. The interior finishes include marble, tile, granite, and stainless steel appliances. There is a private 19x17 patio on the south side of the property. This is located on the city bus route and walkable to everything downtown. It's about a half mile to Minnesota State University Mankato campus and has been traditionally occupied by students. The zoning is CBDF, Central Business District Fringe. The garage is a possible office conversion.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$564,900
Property Type:
Commercial
City:
Mankato
Garage Spaces:
2
County:
Blue Earth
Year Built:
1884
State:
MN
Property Style:
Other
Zip Code:
56001
Subdivision Name:
Auditors 1
Interior
Appliances Included:
- Dishwasher
- Dryer
- Gas Water Heater
- Microwave
- Range
- Refrigerator
- Stainless Steel Appliances
- Washer
Basement Details:
Unfinished
Exterior
Garage Spaces:
2
Garage Size:
544 ft2
Air Conditioning:
Central Air
Foundation Size:
1,000 ft2
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Attached Garage
- Paved Lot
Unit Amenities:
Tile Floors
Road Frontage:
City Street
Lot & Land
Acres:
0.239
Geolocation:
44.16267, -94.005939
Inclusions:
Building, Land, Rental License
Lot Dimensions:
66 x 157.5
Zoning:
Business/Commercial
Schools
School District:
2262
District Phone:
5073871868
Expenses
Annual Caretaker Expense:
$3,000
Annual Electric Expense:
$8,060
Annual Fuel Expense:
$1,200
Annual Insurance Expense:
$2,100
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Broadband, Cable TV, Telephone
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$5,410
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,410
Income
Annual Gross Income:
$71,520
Rent
Annual Net Income:
$44,894
Units
Total Units:
2
Miscellaneous
Current Use:
Residential
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
- Hot Water Common
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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 |
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 RE/MAX Results.
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.