NOT LISTED FOR SALE
Studio
-- Bath
-- Sq Ft
-- Built

Last Sold August 15, 2019

Last sale price $835,000

184 Days on Market

Highlights

  • Detached Garage
  • Forced Air Heating System
  • 3-minute walk to Washington Park
  • Franklin Elementary School Rated A

About This Home

As of August 2019

Looking for an investment with good return and potential for upside? These two solid 6 unit buildings, centrally located in the heart of Mankato, have great rental history and room to increase cash flow. The buildings have been well maintained and have had numerous capital improvements such as; new roofs, furnaces and mostly all new plumbing. This investment is currently offering a 8% CAP which could easily be increase by self management, currently managed professionally. Call for your private tour today!

Last Agent to Sell the Property

Carlos Carrera

RE/MAX DYNAMIC AGENTS Listed on: 01/09/2019

RE/MAX DYNAMIC AGENTS

Last Buyer's Agent

Shawna Wolfe

Keller Williams Premier Realty License #20215401

Keller Williams Premier Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,348

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Frame Construction
  • Pitched Roof
  • Asphalt Shingled Roof
  • Concrete Block And Stucco Construction

Parking

  • Detached Garage
  • Driveway
  • Open Parking

Utilities

  • Forced Air Heating System

Community Details

  • 12 Units

Listing and Financial Details

  • Tenant pays for electric, fuel
  • The owner pays for lawn, snow, trash, water/sewer
  • Assessor Parcel Number R01.09.07.456.007

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,348

Lot Details

0

Listing Details

  • Class: Commercial
  • Classification: Nonhomestead
  • Sub Type: Multi-Family
  • Amenities: Private Resident Building, Smoke Detectors
  • Assessments: Yes
  • Foundation Size: 2655
  • L V T Date: 01/10/2019
  • Parcel Number: R01.09.07.456.007
  • Rental License: Yes
  • Street Designation: Street
  • Current Use: Residential
  • Sale Includes: Building, Land
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Frontage Road: City Street
  • Construction Type: Concrete Block, Frame/Wood
  • Exterior: Brick, Stucco
  • Roof: Asphalt Shingles, Flat, Pitched (L)

Garage/Parking

  • Description: Detached Garage, Uncovered/Open, Driveway - Asphalt, Units Vary

Utilities

  • Fuel: Natural Gas
  • Heat: Forced Air
  • Sewer: City
  • Water: City

Rental Info

  • Tenant Expense: Electric, Fuel

Multi Family

  • Owners Expense: Lawn, Snow, Trash, Water/Sewer

Tax Info

  • Year: 2018
  • Tax Value: 9348

MLS Schools

  • School District: Mankato #77
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2019 08/15/19 Sold $835,000 -12.0% --
04/02/2019 04/02/19 Price Changed $949,000 -2.7% --
01/09/2019 01/09/19 For Sale $975,000 -- --
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,908 $1,006,200 $191,200 $815,000
2024 $14,094 $1,006,200 $191,200 $815,000
2023 $9,144 $1,041,400 $197,800 $843,600
2022 $9,504 $641,200 $121,800 $519,400
2021 $9,142 $614,600 $116,800 $497,800
2020 $9,068 $583,900 $110,900 $473,000
2019 $9,090 $583,900 $110,900 $473,000
2018 $9,408 $583,900 $110,900 $473,000
2017 $9,050 $609,300 $115,700 $493,600
2016 $9,030 $609,300 $115,700 $493,600
2015 $87 $609,300 $115,700 $493,600
2014 $8,200 $593,800 $112,800 $481,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 7019824

REALTOR® Association of Southern Minnesota