Welcome to your next investment opportunity in the heart of a bustling city! This six-unit complex, primely situated near downtown, schools, and the Mankato State University, presents an enticing prospect for savvy investors seeking substantial returns. Although in need of complete rehabilitation, this property holds immense potential for lucrative returns once the renovations are completed. This six-unit complex presents an exceptional investment opportunity for those willing to undertake the necessary renovations. With its prime location, strong rental market, and potential for significant returns, this property is a promising addition to any investor's portfolio. Don't miss out on the chance to transform this property into a lucrative income-generating asset in the heart of the city with potential returns of 10% cash on cash!
Active
Price cut: $50K (1/28)
$425,000
709 South Second Street, Mankato, MN 56001
10beds
6baths
6,283sqft
Est.:
Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
$68/sqft
$-- HOA
What's special
Primely situated near downtown
- 390 days
- on Zillow |
- 376 |
- 14 |
Zillow last checked: 7 hours ago
Listing updated: January 28, 2025 at 08:46am
Listed by:
Carlos Carrera,
Re/Max Dynamic Agents
Source: RASM,MLS#: 7034561

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 6
Heating
- Radiant, Hot Water, Natural Gas
Features
- Basement: Stone,Partial
Interior area
- Total structure area: 6,283
- Total interior livable area: 6,283 sqft
- Finished area above ground: 4,496
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Features
- Levels: 2.25 - 2.75 Story
- Stories: 2
Lot
- Size: 10,454.4 Square Feet
- Dimensions: 66 x 157.5
Details
- Foundation area: 2450
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame/Wood, Slate, Vinyl Siding, Wood Siding
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: $68/sqft
- Annual tax amount: $5,367
- Date on market: 4/1/2024
- Listing terms: Cash,Conventional
- Total actual rent: 0
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