810 S Broad Street, Mankato, MN 56001 | Homes.com

810 S Broad Street, Mankato, MN 56001

3907 SqFt House In Mankato

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  • J

    Jon Kietzer

    Listing Agent

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    Overview

    Now for sale is The Rose House, built in 1897. It was owned by Dickinson L. Rose who was a local real estate agent and inventor. It is located in the Historic Lincoln Park District and is itself also on the National Register of Historic Places. The house was a victim of a fire a few years ago and has been brought back to life by Josh Kelley, a local developer. Because of its French Renaissance-inspired design it is an unusual member of the Lincoln Park District. The exterior is original and is built of reddish-brown pressed brick with smooth, yellow limestone trim. It overlooks Lincoln Park. Aside from the foundation and brick exterior, everything else is new. There are 5 apartment units. 3 of the units contain 2 bedrooms; one of the units is a 1 bedroom, and one studio unit. 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%

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    Home Details

    • beds7
    • baths5
    • property typeresidential
    • exterior finish--
    • year built--
    • lot size0.13
    • fireplaceno
    • neighborhood--
    • Auctionn
    • Call to Showno
    • Foreclosuren
    • New Constructionn
    • Style2 story
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    Pricing Info

    $3,096.42

    Estimated Monthly Mortgage
    Principal & Interest$2,287.77
    Insurance$209.65
    Taxes$599
    PMI$0
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    Price History
    DateEventChangePrice
    • 05/18/2018listed$599,000
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    Schools

    • Jefferson Elementary School
      Class size: 14Distance: 0.46 mi
      B+
    • Garfield Elementary School
      Class size: 18Distance: 1.01 mi
    • West High School
      Class size: 17Distance: 0.50 mi
      A
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    How To Finance

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    • MLS Number7016077
    • Listed05/18/2018
    • Listing SourceC21
    • Last Updated08/05/2018
    • Listing AgentJon Kietzer
    • Offered ByCENTURY 21 Landmark Realtors
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