For Sale: Mankato MLS# 7003401
Active
NEW!
$219,900
Single Family: 2 Stories
4 br • 3 ba • Built 1908
2,238 sqft • 0.068 acres
MLS# 7003401
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Property Description
Well-Maintained 4 Bedroom, 3 Bath Investment Opportunity with 5-Unrelated Rental License! This spacious and well-updated 4-bedroom, 3-bathroom property offers a strong opportunity for investors seeking a turn-key rental. The home holds the desired 5-unrelated rental license and is currently rented through May 2026, with long-term tenants in place who have expressed interest in renewing for 2026–2027, providing built-in stability for a new owner. Recent improvements include a new furnace, new water heater, fresh exterior paint, interior paint throughout, updated flooring, and more, allowing for peace of mind and reduced near-term capital expenses. The main level features a functional common layout with two family rooms and a full kitchen, creating flexible shared living space. Upstairs are three bedrooms, including a primary suite. Each upstairs bedroom is equipped with its own cabinet featuring a sink with running water and space for a microwave and mini-fridge, adding convenience and rental appeal. The lower level includes the fourth bedroom, a private ¾ bathroom, washer and dryer, and ample storage space. A solid property with thoughtful updates, strong rental history, and future income potential—this is a great opportunity for investors looking to expand their portfolio.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$219,900
Price per sq ft:
$98
Property Type:
Single Family
City:
Mankato
Garage Spaces:
1
County:
Blue Earth
Year Built:
1908
State:
MN
Property Style:
2 Stories
Zip Code:
56001
Subdivision Name:
Warrens Add Mankato 2
Interior
Bedrooms:
4
Bathrooms:
3
Finished Area:
2,238 ft2
Total Fireplaces:
0
Living Area:
2,238 ft2
Common Wall:
No
Appliances Included:
- Dryer
- Microwave
- Range
- Refrigerator
- Washer
Basement Details:
- Finished
- Full
Exterior
Stories:
Two
Garage Spaces:
1
Air Conditioning:
Window Unit(s)
Foundation Size:
746 ft2
Handicap Accessible:
None
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Concrete
Unit Amenities:
- Patio
- Porch
- Washer/Dryer Hookup
Road Frontage:
City Street
Roof Details:
Asphalt
Rooms
1/4 Baths:
None
Full Baths:
None
Half Baths:
None
3/4 Baths:
3
Bathroom Details:
- 3/4 Basement
- Upper Level 3/4 Bath
Lot & Land
Acres:
0.068
Geolocation:
44.158809, -94.004741
Lot Dimensions:
66 x 45
Zoning:
Residential-Single Family
Schools
School District:
2262
District Phone:
5073871868
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$1,874
Lender-owned:
No
Assessment Pending:
Yes
Taxes w/ Assessments:
$1,916
Association Fee Required:
No
Association Fee:
None
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Century 21 Atwood.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.