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422 Belgrade Ave
North Mankato, MN 56003
Asking Price
$2.90M
Cap Rate
6.88%
Asset Type
Apartment Building Mixed-use
Class
Class B
What's Special
Mixed Use | 6.88% CAP | 24,102 SqFt <ul><li>Built in 2013, this mixed-use asset is in a premium North Mankato location just steps from downtown.</li><li>The property offers a compelling value-add opportunity through potential upside in both apartment and retail rental rates.</li><li>Additional highlights include ample off-street parking, in-unit laundry, large, updated apartment units, and high-quality retail and office space on the main floor.</li><li>Newer construction built in 2013, significantly reducing near-term capital
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NOI
$80,000
Cap Rate
2.76%
DSCR
0.46
Underwater
Cash-on-Cash
-10.59%
Monthly Payment
$14,347.618
Annual Cash Flow
$-92,171.412
