Property Listing
Description
Well-Maintained 4 Bedroom, 3 Bath Investment Opportunity with 5-Unrelated Rental License! This spacious and well-updated 4-bedroom, 3-bathroom property offers a strong opportunity for investors seeking a turn-key rental. The home holds the desired 5-unrelated rental license and is currently rented through May 2026, with long-term tenants in place who have expressed interest in renewing for 2026–2027, providing built-in stability for a new owner. Recent improvements include a new furnace, new water heater, fresh exterior paint, interior paint throughout, updated flooring, and more, allowing for peace of mind and reduced near-term capital expenses. The main level features a functional common layout with two family rooms and a full kitchen, creating flexible shared living space. Upstairs are three bedrooms, including a primary suite. Each upstairs bedroom is equipped with its own cabinet featuring a sink with running water and space for a microwave and mini-fridge, adding convenience and rental appeal. The lower level includes the fourth bedroom, a private ¾ bathroom, washer and dryer, and ample storage space. A solid property with thoughtful updates, strong rental history, and future income potential—this is a great opportunity for investors looking to expand their portfolio.
Property Information
Status: Active
Sub Type: ********
List Price: $219,900
MLS#: 7003401
Current Price: $219,900
Address: 108 Parsons Street, Mankato, MN 56001
City: Mankato
State: MN
Postal Code: 56001
Geo Lat: 44.158809
Geo Lon: -94.004741
Subdivision: Warrens Add Mankato 2
County: Blue Earth
Property Description
Year Built: 1908
Lot Size SqFt: 2613.6
Gen Tax: 1916
Specials Inst: 40.97
High School: Mankato
Square Ft. Source:
Above Grade Finished Area:
Below Grade Finished Area:
Below Grade Unfinished Area:
Total SqFt.: 2268
Style: Array
Total Bedrooms: 4
Total Bathrooms: 3
Total Full Baths: 0
Garage Type:
Garage Stalls: 1
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
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