229 Locke Street, Mankato, MN 56001
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229 Locke Street, Mankato, MN 56001
229 Locke Street, Mankato, MN 56001
229 Locke Street, Mankato, MN 56001
229 Locke Street, Mankato, MN 56001
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Christa Wolner

Christa Wolner

+1(507) 327-6300
$ 250,000
Est. payment /mo
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Active

229 Locke Street Mankato, MN 56001

4 Beds

2 Baths

3,097 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,097 sqft

Price per Sqft $80

Subdivision Mn

MLS Listing ID 267040989

Style Single Family Rental (L)

Bedrooms 4

Full Baths 1

Three Quarter Bath 1

Construction Status Previously Owned

Abv Grd Liv Area 2,039

Annual Tax Amount $2,704

Tax Year 2026

Lot Size 8,276 Sqft

Acres 0.19

Lot Dimensions 69x118

Property Sub-Type Multi-Family

Property Description

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!!

Location

State MN

County Blue Earth County

Area Mankato Central

Rooms

Basement Unfinished

Interior

Heating Forced Air

Appliance Dishwasher, Disposal, Dryer, Microwave, Range/Stove, Refrigerator, Washer

Exterior

Exterior Feature Vinyl

Parking Features None

Garage Description None

Amenities Available Ceiling Fans, Tiled Floors, Washer/Dryer Hookups

Roof Type Asphalt Shingles

Farm No

Total Parking Spaces 5

Building

Lot Description Paved Streets

Story 2 Story

Foundation 1058

Sewer City

Water City

Structure Type Frame/Wood

Construction Status Previously Owned

Schools

School District Mankato #77

Others

Energy Description Natural Gas

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Listed by Keller Williams Premier Realty

NEARBY SCHOOLS & PROPERTIES

Christa Wolner

Christa Wolner

Broker | License ID: 40391876

+1(507) 327-6300

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