709 S Second Street Mankato, MN $ 525,000
709 S Second Street
$ 525,000
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709 S Second Street

Mankato, MN, 56001
$ 525,000
Bedrooms10 Baths0.0 Sq 6,283

Monthly Estimate*

$ 3,667

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Multi-Family Home for sale in Mankato, MN

for $525,000 with 10 bedrooms. This 6,283 square foot home was built on a lot size of 0.24.

Welcome to your next investment opportunity in the heart of a bustling city! This six-unit complex, primely situated near downtown, schools, and the Mankato State University, presents an enticing prospect for savvy investors seeking substantial returns. Although in need of complete rehabilitation, this property holds immense potential for lucrative returns once the renovations are completed. This six-unit complex presents an exceptional investment opportunity for those willing to undertake the necessary renovations. With its prime location, strong rental market, and potential for significant returns, this property is a promising addition to any investor's portfolio. Don't miss out on the chance to transform this property into a lucrative income-generating asset in the heart of the city with potential returns of 10% cash on cash!

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Multi-Family Active

Price

$ 525,000

Bedrooms

10

Property Type

Multi-Family

Taxes

$ 5,367

Style

Apartment Building (L)

Lot Size

0.24

Town/City

Mankato

County/Region

Blue Earth

MLS | Web ID

7034561

Features
General
Heating Radiant Hot Water
Water City
Sewer City
Status Active ACTIVE
Style Apartment Building (L)
Stories 2.25 - 2.75 Story
Construction Status Previously Owned
Road Frontage City
Subdivision MN
School District Mankato #77
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Exterior
Garage Spaces 2
Exterior Slate Vinyl Wood
Waterfront No
Lot Size Area 0.24
Construction Type Frame/Wood
Garage Type Detached
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Interior
Basement Material Stone
Basement Style Partial
Finished SqFt Above Grade 4496
Finished SqFt Below Grade 0
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* Excluded Features
List By
Re/Max Dynamic Agents

Broker

wesellmankato@gmail.com

Email

Affordability Calculator

$4,115
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,667
Monthly Property Taxes
$447
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1357867 Elementary School
1357964 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/1/2024$525,000 Listed Price

Map


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709 S Second Street, Mankato, MN, 56001 is a Multi-Family Home for sale at $525,000 with 6,283 sqft and a lot size of 0.24. 709 S Second Street has 10 bedrooms and 0.0 baths. The property's zip code is 56001 which is in Mankato, MN