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Licensed duplex. Hey Mom and Dad, do you have students attending MSU Mankato? Here's a chance to collect rent instead of paying it. Hey Investors', are you looking for a college rental with good cash flow? Tenants pay all utilities. They also take care of mowing and snow removal. This one has everything. There's a triple garage with a separate shop area and plenty of off street parking. It's got a nice back yard with a covered 3 season porch. Large kitchen with a freezer on the main level. 5 plus bedrooms and 3 plus bathrooms. Updates include electric, roof, windows, back porch, bathrooms and kitchen. Laundry downstairs. Separate electric and two water heaters. Recent city rental inspection completed.
Great investment opportunity! 8 Townhouses sold together as one package. Rents average $900-$910 per month with tenants paying heat, electric, water, sewer and garbage. Association fee is $50.00 per month, per unit. This fee includes exterior insurance, lawncare and snow removal. Each unit has an attached garage, patio area in the back and an unfinished basement. All 2-bedroom units have walk-in closets. Properties take in $86,400 per year in rent. Can be divided to 2 four-plex @ $377,500 each