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Neal Lawson

neal@mndreamteam.com +1(612) 418-5892

$ 419,000

Est. payment -/mo

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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

NEARBY SCHOOLS & PROPERTIES

Neal Lawson

Broker Associate | License ID: 502039225

+1(612) 418-5892

Neal Lawson

1035 Thompson Ravine RD Mankato, MN 56001

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOLS & PROPERTIES

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