428 Commodore Drive

Here is your opportunity to purchase a well located 16 unit apartment complex in Mankato MN! Consisting of 2 separate parcels and 2 separate buildings, this property offers 14 two bedroom units and 2 one bedroom units. Currently renting for $945-$989/month for the two bedroom units and $845/month for the one bedroom units, the total monthly rent income is $15,138. The total annual income is $183,841 when the coin laundry is included. The tenants pay their own electricity, cable/internet. The landlord pays the common area, electric($1,904 annually), the gas($7,762 annually), the water/sewer($7,085), the garbage($3,035), as well as lawn care, snow removal, maintenance, taxes and insurance. With the current rents in the lower range for Blue Earth County and the city of Mankato, there is room for improvement! Do not hesitate to schedule a showing today.