221 Lamm St
Mankato, MN 56001 City Center Mankato

$2,500,000 USD

Apartments For Sale • 15,000 SF

Property Details

Property Type Apartments
Total Building Size 15,000 SF
Building Class B

0 Transit Score

77 Walk Score

                
                    Highlights
                
                                Rental Income: Monthly rent starts at $1,750 per unit with a Rental Income Growth Rate of 3% annually 
                            
                                Additional Income: The development includes an estimated pet income averaging $165 per unit annually 
                            
                                Operating Expenses: The Operating Expense Ratio is projected at 25.25%, with an Expense Growth Rate of 3% annually 
                            
                                Vacancy and Credit Loss: A conservative vacancy and credit loss assumption of 5% has been applied