Home Call Us About Login
Map Search Area Search MLS#/Addr Featured New Const. Local Info
My Account Buying Selling Title Mortgage Inspections

For Sale:  Mankato MLS# 6673297

My notes for this property


Add listing to my favorites (required)
Active
$525,000
/mo Edit
Multi-family:  Triplex
Built 1870
4,126 sqft • 0.14 acres
Mankato schools
MLS# 6673297
763-576-8286
My rating:
Favorite
Ask Question
Request a Showing  
Agent
Ask the Agent℠

Ask the Agent℠

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Terms & Conditions






    Thank You!

    An agent will be in contact with you soon to answer your question.

    Property Description

    Great Investment Opportunity â?? Two Triplexes on One Parcel! Welcome to this prime multifamily investment featuring 2 triplexes on a single parcel. This 6-unit property offers strong, consistent cash flow from day one. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable income-producing asset, this is an opportunity you donâ??t want to miss. Stable Income: All units are currently rented with reliable tenants. Prime Location: Situated in a thriving area with easy access to amenities, public transportation, and local businesses. Recent Updates: Several units have been updated in the past two years, including new flooring, fresh paint, and other interior upgrades. Current Rents: 321-1: $950 321-2: $750 321-3: $725 323-1: $960 323-2: $825 323-3: $750 This multifamily investment offers a unique opportunity to own a well-maintained, income-generating property in a growing market. Please reach out today with any questions!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $525,000
    Price per sq ft: $127
    Property Type: Multi-family
    City: Mankato
    Garage Spaces: 0
    County: Blue Earth
    Year Built: 1870
    State: MN
    Property Style: Triplex
    Zip Code: 56001
    Subdivision Name: Auditors 4

    Interior

    Finished Area: 4,126 ft2
    Living Area: 4,126 ft2
    Basement Details: Stone/Rock

    Exterior

    Stories: Two
    Garage Spaces: 0
    Foundation Size: 2,063 ft2
    Handicap Accessible: None
    Heating System: Forced Air
    Exterior Material: Block

    Lot & Land

    Acres: 0.14
    Geolocation: 44.160737, -94.00391
    Lot Dimensions: 55 x 100

    Schools

    School District: 77
    District Phone: 507-387-1868

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: $198
    Annual Insurance Expense: $6,640
    Annual Maintenance Expense: $2,400
    Annual Gross Expense: $20,530
    Annual Trash Expense: $1,875
    Annual Water/Sewer Expense: $2,088

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $5,164
    Lender-owned: No
    Assessment Pending: Unknown
    Taxes w/ Assessments: $5,194

    Income

    Annual Gross Income: $59,520

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Electric
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    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!

    Apply Online     Home Purchase Qualifier     Refinance Rate Checker    

    Listing provided by RMLS, courtesy of Financially Free, LLC.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.