4 bedroom house for sale

Overview

Opportunity to increase income by raising rent and/or adding on-site coin laundry

Solid 4-plex rental in the heart of downtown Mankato. No basement water issues with all this rain! Many newer updates including new steel siding in 2020, high efficiency boiler heater in 2018, new water heater in 2021, new soffits and downspouts, steps/landing to upstairs unit, and a new sewer line. Steel roof was seal coated approximately 10 years ago. $2, 365 in monthly rental income with 3 of the tenants looking to stay long term. One of the units will become vacant on Sept 1. Opportunity to increase income by raising rent and/or adding on-site coin laundry. Each unit has it's own boiler zone and separate electric meter. Tenant pays for electric and internet. Currently, landlord pays for garbage, recycling, water, sewer and gas.