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520 S 2nd ST Mankato, MN 56001
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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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