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$569,000
810 S Broad Street, Mankato, MN 56001
7 Beds
5 Baths
3,907 sqft

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Now for sale is The Rose House, built in 1897. It was owned by Dickinson L. Rose who was a local real estate agent and inventor. It is located in the Historic Lincoln Park District and is itself also on the National Register of Historic Places. The house was a victim of a fire a few years ago and has been brought back to life by Josh Kelley, a local developer. Because of its French Renaissance-inspired design it is an unusual member of the Lincoln Park District. The exterior is original and is built of reddish-brown pressed brick with smooth, yellow limestone trim. It overlooks Lincoln Park.Aside from the foundation and brick exterior, everything else is new. There are 5 apartment units. 3 of the units contain 2 bedrooms; one of the units is a 1 bedroom, and one studio unit. This is a rare opportunity for a buyer to own a piece of history that produces income. Rental income projections areas follows: Studio$850 1 Bedroom$850 2 Bedroom$1,100 2 Bedroom$1,200 2 Bedroom$1,275 Total$5,275 per month $63,300 per year Operating Expenses $15,825 NOI $47,475 Cap Rate 7%
  • Price:
  • $569,000
  • Bedrooms:
  • 7
  • Full Baths:
  • 5
  • Square Footage:
  • 3,907
  • Acreage:
  • 0.13
  • Listing ID #:
  • 7024982
  • Street Address:
  • 810 S Broad Street
  • City:
  • Mankato
  • State:
  • Minnesota
  • Postal Code:
  • 56001
  • County:
  • Blue Earth County
  • Community:
  • Mankato Central
  • Listing Status:
  • Contngnt-Home Inspection
  • Basement Type:
  • Partial
  • Construction Status:
  • Previously Owned
  • Construction Type:
  • Frame/Wood
  • Dwelling Type:
  • Multi-Family
  • Exterior Features:
  • Brick
  • Stories:
  • 2 Story
  • Total Building Square Footage:
  • 3907
  • Unit 1 Monthly Rent:
  • 1200
  • Unit 2 Monthly Rent:
  • 850
  • Unit 3 Monthly Rent:
  • 1275
  • Unit 4 Monthly Rent:
  • 1100
  • Unit1 Bathrooms:
  • 1
  • Unit1 Bedrooms:
  • 2
  • Unit1 Total Rooms:
  • 5
  • Unit2 Bathrooms:
  • 1
  • Unit2 Bedrooms:
  • 1
  • Unit3 Bathrooms:
  • 1
  • Unit3 Bedrooms:
  • 2
  • Unit3 Total Rooms:
  • 4
  • Unit4 Bathrooms:
  • 1
  • Unit4 Bedrooms:
  • 2
  • Unit4 Total Rooms:
  • 4
  • For Sale Or Lease?:
  • For Sale
  • Price Per Square Foot:
  • 145.64
  • Property Taxes:
  • $5,370
  • Tax Year:
  • 2020
  • Existing Water:
  • City
  • Heating:
  • Forced Air
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • City
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By Century 21 Landmark Realtors
  • SOUTHMN

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