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  • Price cut: $50K (1/28)
    $425,000

    709 South Second Street, Mankato, MN 56001

    10beds
    6baths
    6,283sqft
    : 
    Multi Family
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $68/sqft
    $-- HOA

    What's special

    Primely situated near downtown
    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!
    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#: 7034561MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 709 South Second Street.

    Next available tour time:Today at 11am

    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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