George Schwab - 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 Site26

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:
$273,000
100% of Average
SqFt:
3,907
low | high
Med:
3,372
63.693370872792% of Average
$ / SqFt:
$153
low | high
Med:
$81
97.192978808096% of Average
On Site:
26
low | high
Med:
83
31.325301204819% of Average
Listing Updated: 12/09/2018
MLS Number: 5023544
Listing Provided By:
Jonathan Kietzer  of  Landmark Realtors LLC