Sold: May 03, 2021
520 S 2nd Street Mankato, MN
$ 550,000
Property Attributes
  • ID#5702438
  • TypeMulti-Family
  • CountyBLUE EARTH
  • CityMankato
  • Zip56001
  • Style
  • Price$ 550,000
  • Bedrooms9
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage3525
  • Lot Size10,454 SqFt
Listing Provided Courtesy Of:
RE/MAX Results
Data Source:
Northstar MLS (NSTAR) - 133 - MN
Property Description

This cash machine has four streams of income. There is a main level five bedroom two and 3/4 bath apartment. The main level unit includes a master suite over the garage. There is an upper level apartment with four bedrooms and one full bath. Both apartments include a washer and dryer. There is off street parking for tenants and guests, plus 14 rented stalls. The double garage is rented separately. The interior has been completely blown out with marble, tile, granite, high end appliances and finishes. There is a private 19x17 patio on the south side of the property. There has been an absolute -0- vacancy rate for the past 17 years. This is a "Turn Key" investment opportunity with signed leases July 31st, 2022. This property is on the city bus route. It's about a half mile to Minnesota State University Mankato campus. The zoning is CBDF, Central Business District Fringe. The garage is a possible conversion. It is fire rated, has its own breaker panel and access to plumbing and sewer.

Price History
1/18/2021 Listed $550,000


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 56001

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