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$ 419,000
Est. payment /mo
Active
1035 Thompson Ravine RD Mankato, MN 56001
8 Beds
4 Baths
3,760 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,760 sqft
Price per Sqft $111
Subdivision Gerdts Sub
MLS Listing ID 7028529
Bedrooms 8
Year Built 1956
Annual Tax Amount $4,402
Tax Year 2025
Contingent None
Lot Size 1.390 Acres
Lot Dimensions tbd
Property Sub-Type Triplex
Property Description
Priced below replacement cost. 8 bed, 4 bath triplex in Mankato on over an acre lot in a growing location. All units are leased with monthly rent currently at $3050 at below market. Tenant pays all utilities. New floor, paint and furnace. Priced at above 6% cap current, (proforma higher with market appreciation, Cap rate calculates higher for self manage). Owner agent.
Location
State MN
County Blue Earth
Zoning Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Forced Air
Fireplace No
Laundry Common Area
Exterior
Parking Features Asphalt
Garage Spaces 1.0
Roof Type Flat
Building
Story One
Foundation 1600
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
New Construction false
Schools
School District Mankato
Listed by Parveen Kumar • eXp Realty