Property Listing
Description
Priced below replacement cost. 8 bed, 4 bath triplex in Mankato on over an acre lot in a growing location. All units are leased with monthly rent currently at $3050 at below market. Tenant pays all utilities. New floor, paint and furnace. Priced at above 6% cap current, (proforma higher with market appreciation, Cap rate calculates higher for self manage). Owner agent. Preapproval letter preferred prior to showing , please contact the agent for rent roll. 24-48 hr notice needed for tenants prior to showing.
Property Information
Status: Active
Sub Type: ********
List Price: $419,000
MLS#: 7028529
Current Price: $419,000
Address: 1035 Thompson Ravine Road, Mankato, MN 56001
City: Mankato
State: MN
Postal Code: 56001
Geo Lat: 44.177479
Geo Lon: -93.972002
Subdivision: Gerdts Sub
County: Blue Earth
Property Description
Year Built: 1956
Lot Size SqFt: 60548.4
Gen Tax: 4402
Specials Inst: 0
High School: Mankato
Square Ft. Source:
Above Grade Finished Area: 2160
Below Grade Finished Area: 1600
Below Grade Unfinished Area:
Total SqFt.: 3760
Style: Array
Total Bedrooms: 8
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 1
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: