About This Home
This 4-bedroom, 2-bathroom residential multi family at 229 Locke Street in Mankato, MN is listed for $250,000. Built in 1890, on a 0.19 acres lot.
Key Features
- Built in 1890
- 0.19 acre lot
- 2 stories
Property Details
5 unrelated Rental license - Rare investment opportunity knocks! Attractive cap rate potential($2000-2500/month) at current list price. Tenants have paid all utilities in the past! Excellent opportunity for investors seeking immediate cash flow. Property offers tenant appeal, with its location to MSU/Bethany/Downtown Mankato, and a price point difficult to find in today's multifamily market.
Whether adding to an existing portfolio or entering multifamily investing for the first time, this property offers potential solid income, long-term appreciation potential, and demand in this area. Attractive price point,5 off street parking spots, central location, 4 Bedrooms, a large kitchen/dining/& living areas, as well as versatile occupancy options make this a property you won't want to miss! Close in time for Fall Semester!!
Monthly Cost Estimate
$1,337/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
229 Locke Street
Mankato, MN 56001
Features & Amenities
Interior Features
Exterior Features
Property Details
Pool Features
Heating
Questions & Answers
This 4-bedroom, 2-bathroom residential multi family at 229 Locke Street is listed at $250,000. The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1890, 0.19 acre lot, 2 stories. Interior Features: Main Floor Laundry. Exterior Features: Balcony, Deck, Driveway - Concrete.
This property is listed by Rachael Hansen-Miller and can be reached at 5073823815.
