For Sale: Mankato MLS# 7098936
Active
$550,000
Multi-family: Duplex Up and Down
9 br • 5 ba • Built 1884
3,000 sqft • 0.239 acres
Mankato schools
MLS# 7098936
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Property Description
This spacious 9 bedroom 5 bath licensed duplex is fully leased up. Tenants pay natural gas & electric owner pays w/s. Rent is $5015/month. Located in an "OPPORTUNITY ZONE"! Rents- 1 lease covers both units $4500/month, garage $150/month, surface parking $365/month. 8.6 CAP.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$550,000
Price per sq ft:
$183
Property Type:
Multi-family
City:
Mankato
Garage Spaces:
2
County:
Blue Earth
Year Built:
1884
State:
MN
Property Style:
Duplex Up and Down
Zip Code:
56001
Subdivision Name:
Auditors 1
Interior
Bedrooms:
9
Bathrooms:
5
Finished Area:
3,000 ft2
Living Area:
3,000 ft2
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
2
Garage Size:
544 ft2
Foundation Size:
1,000 ft2
Foundation Dimensions:
0
Handicap Accessible:
None
Heating System:
- Baseboard
- Forced Air
Parking Features:
- Assigned
- Parking Lot
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.239
Geolocation:
44.16267, -94.005939
Lot Dimensions:
66 x 157.5
Zoning:
- Business/Commercial
- Residential-Multi-Family
Schools
School District:
77
District Phone:
5073871868
Expenses
Annual Caretaker Expense:
$3,000
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,500
Annual Maintenance Expense:
$1,500
Annual Trash Expense:
None
Annual Water/Sewer Expense:
$1,800
Tenant Expenses:
Broadband, Cable TV, Telephone
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,260
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,260
Income
Annual Gross Income:
$60,180
Misc. Annual Income:
None
Misc. Monthly Income:
None
Rent
Annual Net Income:
$48,920
Units
Total Units:
2
Miscellaneous
Fuel System:
- Electric
- Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
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 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.