1.12 Acres in Mankato, MN - $2,090,000
Knollcrest Apartments are for sale in the great community of Mankato MN. The 28 unit property consists of 2 apartment buildings, 8 garage stalls and a maintenance garage. All units consist of 2 bedrooms and 1 bathroom. Additionally the lowest level of each building offers individual storage lockers, as well as coin laundry rooms. These units have a lot of upside potential with some light updating and common area improvements. Current rents range from $780-$845/month with an additional $35/month for each of the 8 garage spaces. Total current scheduled rents are $267,780 annually and the coin laundry brought another $4,680 in 2022. Once the rest of the leases are updated with the current rent rates, the gross annual income including laundry could be $291,960.
From elevation to risk assessment
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel Information