113 / 119 E Welcome Avenue, Mankato, MN 56001 (MLS# 7046237)
$1,650,000
Mankato, MN 56001
MLS# 7046237
28 beds | 12 baths
1 / 39
Property Description
Rare opportunity to acquire two large 4plexes near MSU Campus! 100% fully leased through July of 2027. Monthly Rent total is $14,775. There are four 5bedroom units and four 2bedroom units. Full financials and rent roll available upon request.
Details
Maps
Contract Information
Status: Active
Current Price: 1650000
Contingency: None
ListPrice: 1650000
List Date: 2026-03-31
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 24
Owner Occupied: No
Waterfront Present: No
Year Built: 1961
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 28
Baths Total: 12
Foundation Size: 1836
For Sale or Lease: For Sale
Acres: 0.67
Lot Dimensions: 219x134
Assessment Pending: No
Location Tax and Other Information
House Number: 113 / 119
Street Direction Prefix: E
Street Name: Welcome
Street Suffix: Avenue
Postal City: Mankato
County: Blue Earth
State: MN
Zip Code: 56001
Complex/Dev/Subdivision: Meurers Sub
Additional Parcels Information
Property ID #2: R010917355004
Assessments
Tax With Assessments: 12810
Basement
Foundation Dimensions: 27 x 68
Building Information
Building Finished SqFt: 5400
Building SqFt: 5508
Ceiling Height: 8-10
Income and Expenses
Annual Gross Expenses: 52000
Annual Gross Income: 177300
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Leases, Rental License
Unit 1
Unit Number: 113-1
Monthly Rent: 2375
Full Baths: 2
Total Bathrooms: 2
Total Bedrooms: 5
Level: Main Level
Unit Total SqFt: 1600
Leased?: Yes
Lease Expiration Date: 2027-07-20
Unit 2
Full Baths: 2
Lease Expiration Date: 2027-07-20
Leased?: Yes
Level: Main Level
Monthly Rent: 2475
Total Bathrooms: 2
Total Bedrooms: 5
Unit Number: 113-2
Unit Total SqFt: 1600
Unit 3
Full Baths: 1
Lease Expiration Date: 2027-07-20
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1250
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 113-3
Unit Total SqFt: 800
Unit 4
Full Baths: 1
Lease Expiration Date: 2027-07-20
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1275
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 113-4
Unit Total SqFt: 800
Unit 5
Full Baths: 2
Lease Expiration Date: 2027-07-20
Leased?: Yes
Level: Main Level
Monthly Rent: 2475
Total Bathrooms: 2
Total Bedrooms: 5
Unit Number: 119-1
Unit Total SqFt: 1600
Unit 6
Full Baths: 2
Lease Expiration Date: 2027-07-20
Leased?: Yes
Level: Main Level
Monthly Rent: 2400
Total Bathrooms: 2
Total Bedrooms: 5
Unit Number: 119-2
Unit Total SqFt: 1600
Unit 7
Full Baths: 1
Lease Expiration Date: 2027-07-20
Leased?: Yes
Level: Main Level
Monthly Rent: 1275
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 119-3
Unit Total SqFt: 800
Unit 8
Full Baths: 1
Lease Expiration Date: 2027-07-20
Leased?: Yes
Level: Main Level
Monthly Rent: 1250
Total Bathrooms: 1
Total Bedrooms: 2
Unit Number: 119-4
Unit Total SqFt: 800
Unit Details
Total Units: 8
Property Features
Accessible: None
Air Conditioning: Wall Unit(s); Window Unit(s)
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Assumable Loan: Not Assumable
Basement: Concrete Block; Egress Windows; Full; Sump Pump
CMU Style: Low Rise
Construction Status: Previously Owned
Current Use: Residential
Exterior: Aluminum Siding
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Loan Terms: Cash; Conventional
Lock Box Type: Combo
On Site Utilities: Electric Separate; Hot Water Common
Parking Characteristics: Parking Lot; Paved Lot
Rental License Type: Standard
Roof: Asphalt Shingles
Sewer: City Sewer/Connected
Tenant Pays: All Utilities
Water: City Water/Connected
Listing Office: Top Tier Real Estate LLC
Last Updated: May - 27 - 2026
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Thursday 28th of May 2026 09:55 PM
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