Triplex with great cash flow. Recently "spruced up" after recent tenants vacated. There is a 3 bedroom/2 bath unit on the main and lower level as well as two, 1 bedroom/1 bath units on the upper level. Electric is separately metered and paid by tenants with owner paying water/sewer and gas. The 2 upper level units are currently rented for $800 a piece while the main level unit is currently available and will be rented for $1,300.The 2 current leases run through August 30,2025.
Seller is willing to contribute $6,300 to buyer's closing costs/interest rate buy down. Attention Investors! This is a great opportunity to own a cash flowing rental property. Financials are in the supplements. Unit 1 is a one bedroom/ one bath apt with kitchen and bathroom and will be vacant soon. Unit 2 is an efficiency unit and Unit 3 is a 2 bed/ 1 bath apt. The tenant in Unit 1 will be leaving soon and the tenants in Units 2&3 have a lease in place until 2025. The home will need a new roof and tuckpointing. Quick closing preferred. Property is managed by Connect Real Estate Group. 24 Hour showing request needed.
Are you looking for the ideal investment opportunity? Here is a "Owner Occupied" 4 plex that can get you started. The main floor unit has been occupied by the owner for the last 26 years. The main floor unit is an updated 2 bedroom, 1 bath with a washer and dryer. The upper level is a spacious 2-3 bedroom unit. The basement is a smaller 1 bedroom unit and contains the mechanical room. The last unit is a one bedroom unit above the garage. All rented units are month to month. The upstairs unit is vacant and the owner will be moving out of the main floor soon. This property has so much potential and has been very well maintained by the owner. The exterior of the home has a great curb appeal and offers a 2 stall garage, off street parking for up to 3 vehicles i there is a snow emergency during the winter. The owner has used the garage for his own purposes and there is plenty of "On Street" parking. All units have seperate gas and electric meters. This is a must see rental property. Call today for a private showing!!
Nice home centrally located with a 5 unrelated license. Currently leased by the room with three tenants in place. Home offers a great layout, nice size eat in kitchen, large bedrooms and living areas plus main floor laundry. Plenty of off street parking available. This home has the potential to generate up to 2,125/mo with tenants paying all utilities or it could be owner occupied, potential of relocating current tenants.
The Property offers a total of four huge units, three one-bedroom and one three-bedroom unit. Each of the one-bedrooms are over 850 square feet (including the 3 season porches), not including the front porches and the patios available to the ground floor units. The three-bedroom apartment takes up half the second floor and all of the third floor and offers over 1,100 square feet. The basement is only accessed from the exterior stairwells and offers secure landlord storage along with coin operated laundry.Owned by the Sellers since 2001, the property is in its best condition ever. Over the years, every facet of the building has been brought up to the best of 21st century standards with the philosophy of: “If it’s worth doing, it’s worth doing right”. From bottom to top: from the new city sewer and water line connections, up to the roof and the brand-new vinyl siding on the porches and everything on the inside: wiring, plumbing, kitchens, baths, appliances, floor coverings, etc.
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!
Gorgeous Victorian house, currently a 4-plex for sale in a prime rental location, with easy access to downtown and campus. This property is great for investors seeking a lucrative addition to their portfolio. With a total of 8 bedrooms, and 4 bathrooms, this income producing property already houses a fully rented out property. The property's well-built and maintained structure has many updates, and has also has maintained the integrity of its era. Stability is key, and this property delivers with solid leases in place, offering a dependable stream of income. Newer furnace, 10-year-old boiler recently serviced, owner pays utilities, one meter. Coin laundry available for all tenants. 48-hour notice to show.
Mankato is located in Minnesota. Mankato, Minnesota has a population of 41,241. Mankato is more family-centric than the surrounding county with 31.95% of the households containing married families with children. The county average for households married with children is 30.95%.
The median household income in Mankato, Minnesota is $45,035. The median household income for the surrounding county is $53,752 compared to the national median of $57,652. The median age of people living in Mankato is 25.5 years.
The average high temperature in July is 82.8 degrees, with an average low temperature in January of 4.7 degrees. The average rainfall is approximately 32.2 inches per year, with 38.6 inches of snow per year.