217 E Spring St
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217 E Spring St
4 Unit Apartment Building $465,000 ($116,250/Unit) 7.81% Cap Rate Mankato, MN 56001
Investment Highlights
- All new electrical -separate metered
- Gas separate metered for Apt B & D
- Newer furnace
- Copper water lines
- New basement windows
- New Kitchen cabinets
Property Facts
| Price | $465,000 | Building Class | C |
| Price Per Unit | $116,250 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 3,852 SF |
| Cap Rate | 7.81% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1881 |
| Property Subtype | Apartment |
| Price | $465,000 |
| Price Per Unit | $116,250 |
| Sale Type | Investment |
| Cap Rate | 7.81% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,852 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1881 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
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Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | R01-09-07-451-006 | Improvements Assessment | $236,900 |
| Land Assessment | $22,600 | Total Assessment | $259,500 |
PROPERTY TAXES
Parcel Number
R01-09-07-451-006
Land Assessment
$22,600
Improvements Assessment
$236,900
Total Assessment
$259,500
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217 E Spring St
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