For Sale: Mankato MLS# 7028529
Active
$419,000
Multi-family: Triplex
8 br • 4 ba • Built 1956
3,760 sqft • 1.39 acres
MLS# 7028529
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Property Description
8bed, 4 bath triplex in Mankato on over an acre lot in a growing location. Great long term hold asset. All units are leased with monthly rent currently at $3050 with room for rents to upside. Tenant pays all utilities except city bill. New floor, paint and furnace. Priced at above 6% cap current, (proforma higher with ability to raise rent or self manage)
Agent is owner, bring all offers.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$419,000
Price per sq ft:
$111
Property Type:
Multi-family
City:
Mankato
Garage Spaces:
1
County:
Blue Earth
Year Built:
1956
State:
MN
Property Style:
Triplex
Zip Code:
56001
Subdivision Name:
Gerdts Sub
Interior
Bedrooms:
8
Bathrooms:
4
Finished Area:
3,760 ft2
Living Area:
3,760 ft2
Refrigerators:
Three
Basement Details:
Full
Exterior
Stories:
One
Garage Spaces:
1
Garage Size:
200 ft2
Foundation Size:
1,600 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
Asphalt
Shared Amenities:
Laundry
Roof Details:
Flat
Rooms
Laundry:
Common Area
Lot & Land
Acres:
1.39
Geolocation:
44.177479, -93.972002
Lot Dimensions:
Tbd
Zoning:
Residential-Multi-Family
Schools
School District:
2262
District Phone:
5073871868
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$2,245
Annual Maintenance Expense:
$990
Annual Trash Expense:
$740
Annual Water/Sewer Expense:
$1,410
Tenant Expenses:
All Utilities
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$4,402
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$4,422
Income
Annual Gross Income:
$36,245
Units
Total Units:
3
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
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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 eXp 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.