$525,000 Price Analysis   ♡   Mankato, MN 56001 10 bed 6 bath 6,283 SqFt ($83/SqFt) 0.24 acre lot. Built 1881 Listed 2024-04-01, Taxes $6,310 | Ⓧ USDA Ineligible due to location near Mankato |
Welcome to your next investment opportunity in the heart of a bustling city!
This six-unit complex, primely situated near downtown, schools and the Mankato State University, presents an enticing prospect for savvy investors seeking substantial returns. Although in need of complete rehabilitation, this property holds immense potential for lucrative returns once the renovations are completed.
This six-unit complex presents an exceptional investment opportunity for those willing to undertake the necessary renovations. With its prime location, strong rental market and potential for significant returns, this property is a promising addition to any investor's portfolio. Don't miss out on the chance to transform this property into a lucrtive income-generating asset in the heart of the city with potential returns of 10% cash on cash!
Presented by Carlos A Carrera at
RE/MAX DYNAMIC AGENTS.
Property MLS #7034561 from Mankato
Heating Fuel: Natural Gas
Vinyl
Wood
Road Frontage Type: City
Lot Size Dimensions: 66 x 157.5
Lot Size Square Feet: 10454
Garage Description: Detached
Calculated Total Monthly Association Fees: 0
Map directions Map directions Map directions Map directionsSource Listing Status: ACTIVE
County: Blue Earth County
Tax Year: 2024
Source Property Type: MULTI-FAMILY
Area: MANKATO CENTRAL
Source Neighborhood: MANKATO CENTRAL
Ownership Type: No
Parcel Number: R010918156003
Timeshare: No
Property Subtype: Multi-Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $261,800 + $33,700 $295,500 | $6,310 |
| 2021 | $232,400 + $33,700 $266,100 | $5,160 |
| 2020 | $232,400 + $33,700 $266,100 | $4,502 |
| 2019 | $197,600 + $33,700 $231,300 | $3,606 |
| 2018 | $258,500 + $31,200 $289,700 | $4,474 |
| 2017 | $238,900 + $31,200 $270,100 | $4,016 |
| 2016 | $238,900 + $31,200 $270,100 | $4,006 |
| 2015 | $238,900 + $31,200 $270,100 | $3,966 |
| 2014 | $226,700 + $31,200 $257,900 | $3,864 |
| 2013 | $226,700 + $31,200 $257,900 | $3,940 |
| 2012 | $256,400 + $31,200 $287,600 | $4,376 |
| 2009 | $268,700 + $31,200 $299,900 | $4,056 |
$525,000
Mankato
Sold 2017-10-13
$250,000
Public Record
Above Grade Finished Area: 4496
Foundation Area: 2450
Foundation Details: Stone
Property Age: 143
Levels or Stories: 2.25 - 2.75
Structure Type: Frame/Wood
House Style: Apartment Building (L)
Total Area Sqft: 6283
Water Source: City
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.