Mankato, MN 56001,520 S 2nd ST
Mankato, MN 56001,520 S 2nd ST
Mankato, MN 56001,520 S 2nd ST
26
$550,000
$550,000
Est.Price: ?

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3,525 SqFt

520 S 2nd ST Mankato, MN 56001

Est. payment /mo
SOLD DATE : 05/03/2021

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Key Details

Sold Price $550,000

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Sold

Purchase Type For Sale

Square Footage 3,525 sqft

Price per Sqft $156

Subdivision Auditors 1

MLS Listing ID 5702438

Sold Date 05/03/21

Year Built 1884

Annual Tax Amount $3,868

Tax Year 2020

Contingent None

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 66x157.5

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.

Location

State MN

County Blue Earth

Zoning Business/Commercial

Rooms

Basement Full

Interior

Heating Forced Air

Fireplace No

Exterior

Parking Features Attached Garage, Concrete, Garage Door Opener, Insulated Garage, Paved

Garage Spaces 2.0

Fence None

Roof Type Age Over 8 Years,Asphalt,Pitched

Building

Lot Description Public Transit (w/in 6 blks), Zero Lot Line

Story Two

Foundation 1453

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Brick/Stone,Stucco

New Construction false

Schools

School District Mankato

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Listed by Kevin Goettl • RE/MAX Results

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Michael Quinones

Agent | License ID: 40411540

+1(507) 990-7961

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