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River View Suites 115 Echo St 46 Unit Apartment Building For Sale Mankato, MN 56001
Investment Highlights
- Adjacent to the Mayo Health System Mankato
- Updated boiler, chiller, roof, breakers and common areas
- Rooftop Penthouse
- Solid concrete brick and steel const. with garage parking
- Rental office, elevator and laundry facilities
Executive Summary
Adjacent to Mayo Clinic Health System – Mankato, this apartment building offers a rare
and strategic investment opportunity in one of southern Minnesota’s most stable and growing
employment hubs.? The hospital serves as a major regional healthcare center, employing hundreds of
medical professionals, administrative staff, and support personnel—creating consistent, built-in
demand for nearby housing.? This all concrete building and garage are built too stand the test of time! Updates include the rubber roof, (boiler) heating system, (chiller) cooling system, tiled and decorated entry and common areas not to mention the totally blown out over the top Penthouse accessible by the elevator on the 7th floor.? This is your your chance to own an exceptional rental property in an A+ location!
and strategic investment opportunity in one of southern Minnesota’s most stable and growing
employment hubs.? The hospital serves as a major regional healthcare center, employing hundreds of
medical professionals, administrative staff, and support personnel—creating consistent, built-in
demand for nearby housing.? This all concrete building and garage are built too stand the test of time! Updates include the rubber roof, (boiler) heating system, (chiller) cooling system, tiled and decorated entry and common areas not to mention the totally blown out over the top Penthouse accessible by the elevator on the 7th floor.? This is your your chance to own an exceptional rental property in an A+ location!
Property Facts
| Sale Type | Investment | Lot Size | 2.70 AC |
| Sale Condition | 1031 Exchange | Building Size | 51,540 SF |
| No. Units | 46 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 6 |
| Property Subtype | Apartment | Year Built | 1900 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.23/1,000 SF |
| Building Class | C | ||
| Zoning | C - Multi family | ||
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 2.70 AC |
| Building Size | 51,540 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built | 1900 |
| Parking Ratio | 0.23/1,000 SF |
| Zoning | C - Multi family |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Laundry Service
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 23 | - | 600 - 850 |
| 2+1.5 | 23 | - | 750 |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R01-09-17-103-005 | Improvements Assessment | $3,924,319 CAD |
| Land Assessment | $540,556 CAD | Total Assessment | $4,464,875 CAD |
Property Taxes
Parcel Number
R01-09-17-103-005
Land Assessment
$540,556 CAD
Improvements Assessment
$3,924,319 CAD
Total Assessment
$4,464,875 CAD
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River View Suites | 115 Echo St
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