Description
Rare housing and commercial opportunity in great location. Its close proximity to Mankato and South Metro makes this property a long-term play for your portfolio. It consists of 6 clean and fully rented apartments. Three-1 bedroom/1 bath units, and three- 2 bedroom/1 bath units. The apartments and main level were also completely remodeled between 2017-2020. 8 new furnaces/AC units-2020. Vinyl windows-2017/2018, updated electrical. There is one laundry room, and parking in the rear of the building. 100% occupancy, some leases month to month. In addition, there is a commercial space on the main level, located on a heavily traveled street in the city, a full basement that is also used as storage rental, and an unfinished third floor with opportunity for potential future rentals or other usage. Successful neighboring businesses including restaurants, title companies, attorneys' office and the Le Sueur County Court house. 24-hour notice required.
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0BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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14,160SQFT
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$40$/SQFT
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Listing courtesy of True Real Estate.Description
Rare housing and commercial opportunity in great location. Its close proximity to Mankato and South Metro makes this property a long-term play for your portfolio. It consists of 6 clean and fully rented apartments. Three-1 bedroom/1 bath units, and three- 2 bedroom/1 bath units. The apartments and main level were also completely remodeled between 2017-2020. 8 new furnaces/AC units-2020. Vinyl windows-2017/2018, updated electrical. There is one laundry room, and parking in the rear of the building. 100% occupancy, some leases month to month. In addition, there is a commercial space on the main level, located on a heavily traveled street in the city, a full basement that is also used as storage rental, and an unfinished third floor with opportunity for potential future rentals or other usage. Successful neighboring businesses including restaurants, title companies, attorneys' office and the Le Sueur County Court house. 24-hour notice required.
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