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River View Suites 115 Echo St 47 Unit Apartment Building For Sale Mankato, MN 56001
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 chance to own an exceptional rental property in an A+ location!
Property Facts
| Sale Type | Investment | Lot Size | 1.00 AC |
| No. Units | 47 | Building Size | 51,540 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 6 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1900/2022 |
| Building Class | C | Parking Ratio | 1.07/1,000 SF |
| Zoning | C - Multi family | ||
| Sale Type | Investment |
| No. Units | 47 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 51,540 SF |
| Average Occupancy | 100% |
| No. Stories | 6 |
| Year Built/Renovated | 1900/2022 |
| Parking Ratio | 1.07/1,000 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 |
1 1
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 | $3,823,994 CAD |
| Land Assessment | $526,737 CAD | Total Assessment | $4,350,730 CAD |
Property Taxes
Parcel Number
R01-09-17-103-005
Land Assessment
$526,737 CAD
Improvements Assessment
$3,823,994 CAD
Total Assessment
$4,350,730 CAD
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River View Suites | 115 Echo St
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