316 E Lafayette Street Mankato, MN $ 639,000
316 E Lafayette Street
$ 639,000
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316 E Lafayette Street

Mankato, MN, 56001
$ 639,000
Bedrooms4 Baths2.2 Sq 4,488

Monthly Estimate*

$ 4,247

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Multi-Family Home for sale in Mankato, MN

for $639,000 with 4 bedrooms and 2 full baths, 2 half baths. This 4,488 square foot home was built in 1998 on a lot size of 0.28.

Welcome to an outstanding investment opportunity! This four-plex, featuring four 2-bedroom, 2-bathroom units, each spanning 1,122 square feet, is a prime choice for investors seeking a lucrative addition to their portfolio. The convenience factor is evident in every unit, as each comes equipped with its own garage, laundry and storage space. The property's well-built and maintained structure adds to its appeal, ensuring a solid and reliable investment for investors. Stability is key, and this property delivers with solid leases in place, offering a dependable stream of income. Located in a sought-after area, this four-plex is a simple, comfortable, and practical choice for those looking to maximize their investment potential. Act now to seize this opportunity – schedule a showing today! Tenants require a 24-hour notice. Agent is related to seller.

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Multi-Family Pending

Price

$ 639,000

Bedrooms

4

Full Bath

2

Half Bath

2

Property Type

Multi-Family

Taxes

$ 6,926

Style

Quadruplex

Lot Size

0.28

Year Built

1998

Town/City

Mankato

County/Region

Blue Earth

MLS | Web ID

6478785

Features
General
Sewer City Sewer/Connected
Heating Forced Air
Roof Asphalt
Garage Spaces 4
Construction Materials Metal Siding
Year Built 1998
Levels Split Entry (Bi-Level)
Property SubType Quadruplex
Tax Year 2023
Gross Income 0
Accessibility None
County Blue Earth
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Contingency None
Subdivision Name Revised Auditors 19
Directions Madison Ave to 4th Street then left on Lafayette.
City Mankato
Buyer Agent Compensation 2.00
High School District Mankato
NumberOfUnitsTotal 4
Lot Size Units Acres
Street Name Lafayette
Land Lease Y/N N
Tax Annual Amount 6926
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Days on Market 74
Standard Status Pending
Lender Owned No
Buyer Agent Compensation Type %
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Interior
Basement Block Daylight/Lookout Windows Finished Full
Basement (Y/N) Y
Above Grade Finished Area 2244
Below Grade Finished Area 2244
Fuel Natural Gas
Garage Square Feet 0
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Exterior
Water Source City Water/Connected
Lot Size Area 0.28
Lot Dimensions 0
Street Suffix Street
Foundation Area 2244
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 316
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* Excluded Features
List By
Century 21 Atwood

Broker

candee@askcandee.com

Email

Affordability Calculator

$4,824
Per Month
88%
12%
0%
Monthly Principal & Interest
$4,247
Monthly Property Taxes
$577
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
708596 Elementary School
708778 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/18/2024$639,000 Listed Price

Map


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316 E Lafayette Street, Mankato, MN, 56001 is a Multi-Family Home for sale at $639,000 with 4,488 sqft and a lot size of 0.28. 316 E Lafayette Street has 4 bedrooms, 2.2 baths, and was built in 1998. The property's zip code is 56001 which is in Mankato, MN