For Sale: Mankato MLS# 6630358
Active
$465,000
Multi-family: Four Plex
Built 1881
3,217 sqft • 0.11 acres
Mankato schools
MLS# 6630358
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Property Description
This exceptional 4-plex located in the heart of Central Mankato offers a fantastic investment opportunity with extensive upgrades and an outstanding rental history. With long-term tenants and leases in placethrough the fall of 2025, this property is a turn-key asset for any investor. Key features include but not limited to: updated electrical, plumbing, vinyl windows, newer furnace, coin-operated laundry , gutters, downspouts & more!! Simply too many upgrades to list! Whether you're an experienced investo ror looking to start your portfolio, this property offers a rare combination of value, convenience & long-term potential. Contact me today for more details or to schedule a private showing! This 4-plex is a must-see!
Listing
Listing Status:
Active
Contingency:
None
List Price:
$465,000
Price per sq ft:
$145
Property Type:
Multi-family
City:
Mankato
County:
Blue Earth
Year Built:
1881
State:
MN
Property Style:
Four Plex
Zip Code:
56001
Subdivision Name:
Mankato - Everetts Blk 40/Blk 23
Interior
Finished Area:
3,217 ft2
Living Area:
3,217 ft2
Ranges:
One Per Unit
Refrigerators:
One Per Unit
Basement Details:
- Full
- Storage Space
- Unfinished
Exterior
Stories:
Two
Foundation Size:
1,036 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Shared Amenities:
- Coin-op Laundry Owned
- Patio
- Porch
Road Frontage:
City Street
Exterior Material:
Stucco
Roof Details:
Asphalt
Lot & Land
Acres:
0.11
Geolocation:
44.170011, -93.997235
Lot Dimensions:
70 x 66
Zoning:
Residential-Multi-Family
Schools
School District:
77
District Phone:
507-387-1868
Expenses
Annual Electric Expense:
$500
Annual Fuel Expense:
$1,500
Annual Insurance Expense:
$1,200
Annual Gross Expense:
$9,843
Annual Trash Expense:
$825
Annual Water/Sewer Expense:
$1,400
Tenant Expenses:
Electricity, Gas
Financial & Taxes
Tax Year:
2024
Annual Taxes:
$3,498
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$3,518
Income
Annual Gross Income:
$46,150
Units
Total Units:
4
Miscellaneous
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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 Keller Williams Premier Realty.
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.