For Sale: North Mankato MLS# 6569954
Active
$2,200,000
Commercial: Apartments
Built 2002
0.69 acres
Mankato schools
MLS# 6569954
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Property Description
This property consists of two 8 plex apartment buildings built by Skorr Construction-well known as a high-quality builder in the Mankato area. The location is very desirable in a very quiet neighborhood along Lor Ray Drive in Upper North Mankato.
These very spacious buildings feature Andersen Windows, Hardy Board siding (cement board) will make management a breeze. The property would also lend itself well to multi ownership groups and would allow for easy re-sale due to its size making it a very hard to find multi-family property in today’s market.
Each apartment has it’s own garage to help keep your tenants’ cars clean and out of the sun or just to serve as additional storage for their belongings.
There is plenty of green space to make your tenants feel at home yet very close to restaurants, coffee shops and convenience stores and pharmacies.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$2,200,000
Property Type:
Commercial
City:
North Mankato
Garage Spaces:
16
County:
Nicollet
Year Built:
2002
State:
MN
Property Style:
Apartments
Zip Code:
56003
Subdivision Name:
North Ridge Estates
Exterior
Garage Spaces:
16
Other Parking Spaces:
16
Foundation Size:
7,260 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Detached
Exterior Material:
Vinyl Siding
Lot & Land
Acres:
0.69
Geolocation:
44.175185, -94.05175
Inclusions:
Building, Rental License
Lot Dimensions:
7260
Addl Parcels:
186661075
Zoning:
Business/Commercial
Schools
School District:
77
District Phone:
507-387-1868
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$23,432
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$23,684
Units
Total Units:
16
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer - In Street
Available Utilities:
Electric Separate
Water System:
City Water - In Street
Mortgage Calculator
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Local Home Mortgage Professionals
651-253-2144
Jason & Kim Stone
Branch Manager & Co-Branch Manager
Fairway Mortgage NMLS#1018649
Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.
Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
It would be our pleasure to assist you with your home purchase!
Listing provided by RMLS,
courtesy of Landmark Realtors, LLC.
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.