For Sale: Mankato MLS# 6477568
Active
$400,000
Multi-family: Four Plex
Built 1905
2,766 sqft • 0.14 acres
Mankato schools
MLS# 6477568
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Property Description
Gorgeous Victorian house, currently a 4-plex for sale in a prime rental location, with easy access to downtown and campus. This property is great for investors seeking a lucrative addition to their portfolio. With a total of 8 bedrooms, and 4 bathrooms, this income producing property already houses a fully rented out property. The property's well-built and maintained structure has many updates, and has also has maintained the integrity of its era. Stability is key, and this property delivers with solid leases in place, offering a dependable stream of income. Newer furnace, 10-year-old boiler recently serviced, owner pays utilities, one meter. Coin laundry available for all tenants. 48-hour notice to show.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$400,000
Price per sq ft:
$145
Property Type:
Multi-family
City:
Mankato
Garage Spaces:
1
County:
Blue Earth
Year Built:
1905
State:
MN
Property Style:
Four Plex
Zip Code:
56001
Subdivision Name:
Mankato
Interior
Finished Area:
2,766 ft2
Living Area:
2,766 ft2
Ranges:
Four
Refrigerators:
Four
Basement Details:
- Partially Finished
- Shared Access
- Single Tenant Access
- Stone/Rock
- Storage/Locker
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
1
Garage Dimensions:
15x21
Garage Size:
315 ft2
Foundation Size:
1,311 ft2
Handicap Accessible:
None
Heating System:
Hot Water
Exterior Material:
- Brick/Stone
- Wood Siding
Roof Details:
Asphalt
Lot & Land
Acres:
0.14
Geolocation:
44.166134, -93.996697
Lot Dimensions:
66 x 90
Schools
School District:
77
District Phone:
507-387-1868
Expenses
Annual Caretaker Expense:
$3,500
Annual Electric Expense:
$2,384
Annual Insurance Expense:
$2,700
Annual Maintenance Expense:
$1,250
Annual Gross Expense:
$16,333
Annual Water/Sewer Expense:
$4,769
Financial & Taxes
Tax Year:
2023
Annual Taxes:
$4,044
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,064
Income
Annual Gross Income:
$18,766
Units
Total Units:
4
Miscellaneous
Fuel System:
Other
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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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 True Real Estate.
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.