Prime Investment Opportunity! This fully renovated and fully leased 4-unit 3 bedroom townhome property offers modern upgrades and excellent rental potential. Each unit features brand-new stainless steel appliances, updated plumbing and lighting, new toilets, sinks, outlets, and CO/smoke detectors. Enjoy year-round comfort with a high-efficiency furnace, AC condenser, and tankless water heater. Stylish interiors include new tile flooring, plush carpeting, and fresh paint. The kitchen boasts new cabinetry with granite countertops, while the bathrooms feature marble vanities. Each unit comes equipped with a high-efficiency washer and dryer. Additional perks include a single-stall garage with keyless entry and a private rooftop deck with maintenance free decking above the garage for outdoor relaxation. Rental incomes of $2200/month per unit. Tenants pay all utilities.
Active
$1,295,000
412 Holly Ln, Mankato, MN 56001
12beds
8baths
2,400sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$1,239,100 Zestimate®
$540/sqft
$-- HOA
What's special
Modern upgradesPlush carpetingAc condenserBrand-new stainless steel appliancesNew tile flooringUpdated plumbing and lightingTankless water heater
- 39 days
- on Zillow |
- 400 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: March 18, 2025 at 07:09am
Listed by:
Daniel Robinson,
True Commercial, LLC
Source: RASM,MLS#: 7036915

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 8
Heating
- Forced Air, Natural Gas
Cooling
- Unit 1: Central Air, Unit 2: Central Air, Unit 3: Central Air, Unit 4: Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer, Range/Stove, Electric Water Heater
- Laundry: Unit 1: Washer/Dryer Hookups, Unit 2: Washer/Dryer Hookups, Unit 3: Washer/Dryer Hookups, Unit 4: Washer/Dryer Hookups
Features
- Unit 1: Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s), Unit 2: Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s), Unit 3: Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s), Unit 4: Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s)
- Flooring: Unit 1: Tile, Unit 2: Tile, Unit 3: Tile, Unit 4: Tile
- Basement: Concrete,None
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
- Finished area above ground: 2,400
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Attached, Garage Door Opener
- Attached garage spaces: 4
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.44 Acres
- Dimensions: .44 acres
Details
- Foundation area: 2400
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame/Wood, Brick, Wood Siding
- Roof: Asphalt
Condition
- Previously Owned
- New construction: No
Utilities & green energy
- Sewer: City
- Water: Public
Community & HOA
Location
- Region: Mankato
Financial & listing details
- Price per square foot: $540/sqft
- Annual tax amount: $6,816
- Date on market: 3/17/2025
- Listing terms: Cash,Conventional
- Total actual rent: 8800
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