MLS#7049981
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONMankato
SCHOOLMankato
Property Description
28-unit apartment building investment opportunity! This property features 19 one-bedroom units, 3 two-bedroom units, and 6 studio apartments. Recent improvements include new windows, updated flooring, fresh paint, new doors, tiled hallways, on site laundry area, and select units with upgraded kitchen cabinetry and countertops. While many updates have been completed, the property still offers additional renovation opportunities for a new owner to further enhance value and increase rents. With the ability to update remaining units and place your own tenants, this is an ideal opportunity for investors looking to customize management and maximize returns. Located within walking distance to downtown amenities and public transit.
Property Features
Property Type: Commercial - Business
Fuel Type: Natural Gas
Heating: Boiler
Lot Size: 0.24 Acres
Stories: 3.0
Taxes: $24,063
Year Built: 1926
Feature Descriptions
Current Use: Residential
Days on Site: 22
Foundation Size: 5412
Lot Dimensions: 158x67
Parcel#: R010918203004
Parking: On-Street Parking Only
Sale Includes: Building
Sewer: City Sewer/Connected
Units: 28
Utilities: Electric Separate
Water: City Water/Connected
Local Schools
School District: Mankato
Listed By / Shown By
Listed By
Agency Name: Keller Williams Premier Realty
Agency Phone: 507-424-4422
Shown By
Agent Name: Joel Hentges
Agent Phone: (952) 475-9541
Agency Title: Joel Hentges - Re/Max Advantage Plus
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123 N 4th Street | MLS# 7049981
This commercial property located at 123 N 4th Street, Mankato, MN 56001 is currently listed for sale with an asking price of $2,100,000. N 4th Street is located within the Mankato school district. Search Mankato real estate on jhentges.homesbyjoel.com today.