For Sale: Mankato MLS# 7160023
Active
NEW!
$349,900
Multi-family: Fourplex
5 br • 4 ba • Built 1885
3,706 sqft • 0.157 acres
Mankato schools
MLS# 7160023
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Property Description
Excellent investment opportunity in the heart of downtown Mankato! This fourplex features 4 separate units, including one 2-bedroom unit and three 1-bedroom units, with 4 full bathrooms. Two of the four units are currently occupied, providing immediate rental income. The property has a history of generating $3, 000+ in monthly rental income and offers four kitchens, each equipped with an oven and refrigerator, while the 2-bedroom unit also includes a dishwasher. Additional features include vaulted ceilings, hardwood and tile flooring, on-site laundry, two porches, a 1-car garage, and a desirable corner lot. A great opportunity to add an income-producing property in a convenient downtown location.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$349,900
Price per sq ft:
$94
Property Type:
Multi-family
City:
Mankato
Garage Spaces:
1
County:
Blue Earth
Year Built:
1885
State:
MN
Property Style:
Fourplex
Zip Code:
56001
Subdivision Name:
Mankato
Interior
Bedrooms:
5
Bathrooms:
4
Finished Area:
3,706 ft2
Living Area:
3,706 ft2
Refrigerators:
Four
Basement Details:
Unfinished
Exterior
Stories:
Two
Garage Spaces:
1
Garage Size:
357 ft2
Foundation Size:
1,109 ft2
Handicap Accessible:
None
Heating System:
Boiler
Rooms
Laundry:
Main Level
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
0.157
Geolocation:
44.168053, -93.997825
Lot Dimensions:
Irregular
Lot Description:
Corner Lot
Schools
School District:
77
District Phone:
5073871868
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Financial & Taxes
Tax Year:
2026
Annual Taxes:
$5,500
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$5,520
Income
Annual Gross Income:
None
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
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 Tracy Sells 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.