$550,000

9 Beds 3 / 1 Full / Half Baths 3,000 SQFT 0.24 Acres

Type: Multi-Family

520 S 2nd Street
Mankato, MN 56001

MLS#: 7098936

The Real Estate Advantage

Office: 952.224.8800

Presented by: RE/MAX Results

Property Description

This spacious 9 bedroom 5 bath licensed duplex is fully leased up. Tenants pay natural gas & electric owner pays w/s. Rent is $5015/month. Located in an "OPPORTUNITY ZONE"! Rents- 1 lease covers both units $4500/month, garage $150/month, surface parking $365/month. 8.6 CAP.

Interior Features

Bedrooms

Total Bedrooms9

Bathrooms

Total Baths5

Other Interior Features

Above Grade Finished Area3,000 sqft

BasementUnfinished

Basement (Y/N)Yes

Below Grade Finished Area0 sqft

Foundation Dimensions0

FuelElectric, Natural Gas

Garage Square Feet544

General

AccessibilityNone

Additional Parcels Y/NNo

CityMankato

ContingencyNone

CountyBlue Earth

DirectionsWarren St to 2nd Street

Electric Expense0

Fuel Expense0

Garage Spaces2

Gross Income60180

HeatingBaseboard, Forced Air

High School DistrictMankato

Insurance Expense2500

Land Lease Y/NNo

Lender OwnedNo

LevelsTwo

Living Area3,000 sqft

Lot Size UnitsAcres

MaintenanceExpense1500

Net Operating Income48920

New ConstructionNo

Number Of Units Total2

Operating Expense21050

OwnerPaysElectricity, Heat, Hot Water, Insurance, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection, Water

PostalCityMankato

Property SubtypeDuplex Up and Down

Property TypeResidential Income

SewerCity Sewer/Connected

Standard StatusActive

Subdivision NameAuditors 1

Tax Annual Amount$5,260

Tax Year2026

Tenant PaysBroadband, Cable TV, Telephone

Trash Expense0

Water Sewer Expense1800

Year Built1884

Zoning DescriptionBusiness/Commercial, Residential-Multi-Family

Exterior

Building Area Total4,000 sqft

Foundation Area1,000 sqft

Lot Dimensions66x157.5

Lot Size Area0 sqft

Parking FeaturesAssigned, Parking Lot

Water SourceCity Water/Connected

Waterfront Y/NNo

Additional Details

Price History

Schools

High School N/A

Elementary School N/A

Middle School N/A

Similar Properties

$550,000

9 Beds 3 / 1 Full / Half Baths 3,000 SQFT 0.24 Acres

Type: Multi-Family

520 S 2nd Street
Mankato, MN 56001

MLS#: 7098936

The Real Estate Advantage

Office: 952.224.8800

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$550,000

520 S 2nd Street
Mankato, MN 56001

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$550,000

520 S 2nd Street
Mankato, MN 56001

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$550,000

520 S 2nd StreetMankato, MN 56001

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$550,000

520 S 2nd StreetMankato, MN 56001

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520 S 2nd Street
Mankato, MN 56001

520 S 2nd Street
Mankato, MN 56001