428 Commodore Drive, Mankato, MN

Name: 428 Commodore Drive, For Sale in Mankato - Zoocasa
Brand: CENTURY 21 Atwood
SKU: 7039616
Price: 1495000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$1,495,000

20160

MLS® 7039616

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 7140 sqft

Garage No

Taxes $21,116

Days Active 0

Lot Size 0.64 acres

Approx. Age 1964

Avg. Price Per Sqft $209

MLS® Number 7039616

Property Address: 428 Commodore Drive, Mankato, MN, 56001

Average square foot calculated using Size range provided by listing agent.

Description

Here is your opportunity to purchase a well located 16 unit apartment complex in Mankato MN! Consisting of 2 separate parcels and 2 separate buildings, this property offers 14 two bedroom units and 2 one bedroom units. Currently renting for $945-$989/month for the two bedroom units and $845/month for the one bedroom units, the total monthly rent income is $15, 138. The total annual income is $183, 841 when the coin laundry is included. The tenants pay their own electricity, cable/internet. The landlord pays the common area, electric($1, 904 annually), the gas($7, 762 annually), the water/sewer($7, 085), the garbage($3, 035), as well as lawn care, snow removal, maintenance, taxes and insurance. With the current rents in the lower range for Blue Earth County and the city of Mankato, there is room for improvement! Do not hesitate to schedule a showing today.

MLS® Number7039616

Laundry LevelCoin-op Laundry Owned

Central VacNo

FireplaceNo

Acreage0.64

Exterior

GarageNo

Approx. Age1964

BasementFull, Finished, Block

DrivewayNo Garage, Asphalt

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Mar 12, 2026List Date

$1,495,000List Price

Map

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