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$400,000
/mo Edit
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

    Contingency: None
    Price per sq ft: $145
    City: Mankato
    County: Blue Earth
    State: MN
    Property Style: Four Plex
    Zip Code: 56001
    Subdivision Name: Mankato

    Interior

    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

    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.
    It would be our pleasure to assist you with your home purchase!

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    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.