$1,295,000

Estimated payment $7,734/month

Total Views 12,049
12 Beds
8 Baths
2,400 Sq Ft
$540 Price per Sq Ft

About This Home

Prime Investment Opportunity! This fully renovated and fully leased 4-unit 3 bedroom townhome property offers modern upgrades and excellent rental potential. Each unit features brand-new stainless steel appliances, updated plumbing and lighting, new toilets, sinks, outlets, and CO/smoke detectors. Enjoy year-round comfort with a high-efficiency furnace, AC condenser, and tankless water heater. Stylish interiors include new tile flooring, plush carpeting, and fresh paint. The kitchen boasts new cabinetry with granite countertops, while the bathrooms feature marble vanities. Each unit comes equipped with a high-efficiency washer and dryer. Additional perks include a single-stall garage with keyless entry and a private rooftop deck with maintenance free decking above the garage for outdoor relaxation. Rental incomes of $2200/month per unit. Tenants pay all utilities.

Listing Agent

Dan Robinson

True Real Estate Brokerage Email: dan@truecommercialmn.com Listed on: 03/14/2025

Co-Listing Agent

Karen Toft

True Real Estate Brokerage Email: dan@truecommercialmn.com

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,816

Year Built

  • Built in 1969

Parking

  • 4 Car Garage

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Utilities

  • Forced Air Heating System

Community Details

  • 4 Units
  • Scheurers Sunray Add Subdivision

Listing and Financial Details

  • Assessor Parcel Number R010916102005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,816

Year Built

Built in 1969

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Subtype 1: Other
  • Garage Spaces: 4
  • Accessibility Features: None
  • Water Source: City Water/Connected
  • Year Built: 1969
  • Above Grade Finished Sq Ft: 2400
  • Unit Levels: Two
  • New Construction: No
  • FractionalOwnershipYN: No
  • Rental License?: Yes
  • FoundationDimensions: 2400
  • Attribution Contact: dan@truecommercialmn.com
  • Attribution Contact: dan@truecommercialmn.com
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: None
  • Living Area: 2400
  • Basement YN: No
  • Amenities: Ceiling Fan(s),Tile Floors,Walk-In Closet
  • Appliances: Dishwasher,Dryer,Range
  • Total Rooms: 6

Beds/Baths

  • Total Bedrooms: 12

Exterior Features

  • Roof: Asphalt
  • ConstructionMaterialsDesc: Frame

Garage/Parking

  • Garage Square Feet: 336

Utilities

  • Heating: Forced Air
  • Sewer: City Sewer/Connected
  • Fuel: Natural Gas
  • Number of Ranges: Four

Schools

  • Junior High Dist: Mankato
  • SchoolDistrictNumber: 77
  • SchoolDistrictPhone: 507-387-1868

Lot Info

  • Lot Size: .44 acres
  • Land Lease: No
  • Additional Parcels: No
  • ResoLotSizeUnits: Acres
  • AssessmentPending: Yes
  • Yearly/Seasonal: Yearly

Building Info

  • Construction Materials: Block, Wood Siding
  • Units Total: 4

Rental Info

  • Expenses: 0.0000

Tax Info

  • Tax Year: 2024
  • Assessor Parcel Number: R010916102005
  • Tax Annual Amount: 6816
  • TaxWithAssessments: 6836.0000

Multi Family

  • Number Of Refrigerators: Four

Map

Range of Values:

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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 Change Sq Ft Price
03/14/2025 03/14/25 For Sale $1,295,000 0.0% $540 / Sq Ft
03/14/2025 03/14/25 For Sale $1,295,000 +284.4% $540 / Sq Ft
04/21/2023 04/21/23 Sold $336,850 +16.6% $52 / Sq Ft
04/02/2023 04/02/23 Pending -- -- --
03/15/2023 03/15/23 For Sale $289,000 -- $44 / Sq Ft
Source: NorthstarMLS

Similar Home in Mankato, MN

  • 412 Holly Ln, Mankato, MN 56001

    $1,295,000

    • 12 Beds
    • 8 Baths
    • 2,400 Sq Ft
    • 412 Holly Ln
    • Mankato, MN

    Prime Investment Opportunity! This fully renovated and fully leased 4-unit 3 bedroom townhome property offers modern upgrades and excellent rental potential. Each unit features brand-new stainless steel appliances, updated plumbing and lighting, new toilets, sinks, outlets, and CO/smoke detectors. Enjoy year-round comfort with a high-efficiency furnace, AC condenser, and tankless water heater.

    Dan Robinson True Commercial, LLC

    Section Image

Source: NorthstarMLS

MLS Number: 6686524

NorthstarMLS