Betty Thilmany - Coldwell Banker River Valley Realtors
810 S Broad St
Mankato, MN 56001

Description

Aside from the foundation and brick exterior, everything else is new. There are 5 apartment units. This is a rare opportunity for a buyer to own a piece of history that produces income. Rental income projections are as follows: Studio$850 1 Bedroom$850 2 Bedroom$1,100 2 Bedroom$1,200 2 Bedroom$1,275 Total$5,275 per month $63,300 per year Operating Expenses $15,825 NOI $47,475 Cap Rate 7% On the National Register of Historic Places.

Details

MLS#5023544
Sub-TypeResale
StatusActive
Year1891
Days On Site33

Features

SQ Feet3,907
Story(s)1
Units5
ZoningResidential-Multi-Family

Market Activity 56001

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Area Information

StateMN
CountyBlue Earth
CityMankato
Zip Code56001
AreaMankato (MN)
Listing VS Median (in 56001)
Price:
$599,000
low | high
Med:
$249,900
100% of Average
SqFt:
3,907
low | high
Med:
1,735
100% of Average
$ / SqFt:
$153
low | high
Med:
$144
56.052902772632% of Average
On Site:
33
low | high
Med:
130
25.384615384615% of Average
Listing Updated: 12/16/2018
MLS Number: 5023544
Listing Provided By:
Jonathan Kietzer  of  Landmark Realtors LLC
The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than this firm are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (little black house) and detailed information about them includes the name of the listing brokers.

Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.

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