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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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

$3,381.10

Estimated Monthly Mortgage
Principal & Interest$2,572.45
Insurance$209.65
Taxes$599
PMI$0
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Price History
DateEventChangePrice
  • 05/18/2018listed$ 0$599,000
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Schools

  • Jefferson Elementary School
    Class size: 14Distance: 0.46 mi
    B+
  • Dakota Meadows Middle School
    Class size: 15Distance: 2.61 mi
    A-
  • West High School
    Class size: 17Distance: 0.50 mi
    A
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  • MLS Number7016077
  • Listed05/18/2018
  • Listing SourceC21
  • Last Updated11/15/2018
  • Listing AgentJon Kietzer
  • Offered ByCENTURY 21 Landmark Realtors
  • License Number40292489
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