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Mankato,MN 56001
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Auditors 4
MLS Listing ID 6712970
Year Built 1870
Annual Tax Amount $5,164
Tax Year 2024
Lot Size 6,098 Sqft
Property Sub-Type Apartment
Property Description
Solid Investment Opportunity – Fully Rented 6-Unit Property with Reliable Cash Flow
If you're looking for a dependable, income-producing multifamily, this 6-unit property delivers steady performance and solid numbers from day one.
Property Highlights:
Fully Occupied: All 6 units are currently rented with long-term, reliable tenants.
Consistent Cash Flow: Proven income history makes this a great option for buy-and-hold investors. Current monthly rents total $5025.
Low Turnover: Tenant stability helps keep vacancy and turnover costs low.
Practical Updates: Some recent improvements in the past couple of years (flooring, paint, and misc. interior work).
Location: Set in a convenient area with easy access to local businesses and public transportation — ideal for renters looking for value.
Location
State MN
County Blue Earth
Zoning Residential-Multi-Family
Interior
Heating Forced Air
Inclusions Building
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate,Heating Separate,Hot Water Common
Building
Foundation 2063
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Block
Schools
School District Mankato