418 Allan Avenue, North Mankato, MN 56003 (MLS# 6690456)
$1,950,000
North Mankato, MN 56003
MLS# 6690456
Status: Closed
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Property Description
Prime 12-unit - 12 garage apartment complex in Upper North Mankato is a fantastic investment opportunity, offering 100% occupancy and superb rental history. All 12 units are spacious two-bedroom apartments, with upper-level units featuring walk-out decks from both the living room and main bedroom. Five remodeled units with new flooring, cabinets, counter tops, vanity & lighting. Separate electric meters, wall A/C units in all apartments, & coin-operated laundry for extra income. Donât miss out on this strong rental property with a proven track record of full occupancy and steady cash flow for a long-term investment.
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2025-07-01
Current Price: 2900000
Closed Date: 2025-08-12
Sales Close Price: 2900000
Contingency: None
ListPrice: 1950000
List Date: 2025-03-24
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 12
Year Built: 1980
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 4248
Garage Stalls: 12
For Sale or Lease: For Sale
Acres: 0.69
Lot Dimensions: 186x183x210x123
Location Tax and Other Information
House Number: 418
Street Name: Allan
Street Suffix: Avenue
Postal City: North Mankato
County: Nicollet
State: MN
Zip Code: 56003
Assessments
Assessment Balance: 189
Tax With Assessments: 15816
Building Information
Building Finished SqFt: 8496
Building SqFt: 8496
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building
Unit 2
No. of 2 Bedroom Units: 12
Unit Details
Total Units: 12
Property Features
Accessible: None
Air Conditioning: Wall Unit(s)
Amenities Shared: Coin-op Laundry Owned
Appliances: Dishwasher; Range; Refrigerator
CMU Style: Apartments/Multi Family
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Financing Terms: Conventional
Foundation: Other
Fuel: Electric
Heating: Baseboard
Lock Box Type: None
On Site Utilities: Electric Common; Electric Separate
Owner Pays: Gas; Sewer; Snow Removal; Trash Collection; Water
Parking Characteristics: Parking Lot
Sewer: City Sewer/Connected
Tenant Pays: Electricity
Water: City Water/Connected
Listing Office: Keller Williams Premier Realty
Last Updated: August - 19 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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