0.13 acres in Blue Earth County, Minnesota
LandsofAmerica.com
#1 in Rural Real Estate Online
JONATHAN KIETZER
CENTURY 21 LANDMARK REALTORS
Available

0.13 acres in Blue Earth County, Minnesota

810 S Broad Street, Mankato , Minnesota 56001 - Blue Earth County
$599,000 0.13 Acres
7 beds 5 Bathrooms 3907 Sq.Ft.
Property ID 5765919

Description

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 are as 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%

Tax Data (Show Tax Data)

Contact Seller

Fill out this form to contact Seller about this property

JONATHAN KIETZER
CENTURY 21 LANDMARK REALTORS

Other Land for Sale from

    NOTE: The information contained herein is provided as general information only and has been obtained from sources deemed reliable. It is provided without any guaranty, warranty or representation, expressed or implied, made by Lands of America, or any related entity, as to the accuracy or completeness of the information. The information is presented subject to errors, omissions, change of price or conditions, prior sale or withdrawal without notice. Prospective purchasers should make their own investigations, projections and conclusions concerning the information.