Meadowbrook Ct. Townhomes

58-82 Meadowbrook Ct, North Mankato, MN 56003

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Sale PRICE: $1,575,000

This stabilized nine-unit multifamily portfolio consists of two buildings in a strong North Mankato rental corridor. The unit mix includes:

• 58–62 Meadowbrook Ct: Four (4) 2BR/1BA units with detached garages

• 74–82 Meadowbrook Ct: Five (5) 2BR/1.5BA units with attached garages

Each of the nine two-bedroom units includes in-unit laundry centers (three with new owner-supplied machines), central A/C, private patios or decks, garage and driveway parking, and separately metered utilities.

Operational Upside: Since transitioning to new management in January 2025, rents have increased, vacancies have been eliminated, and deferred maintenance has been addressed. The property is now generating approximately $12,000 in monthly income, with operating expenses projected to stabilize between 25–30%.

Investment Highlights

• Fully leased, income-producing asset

• Proven operational improvement under new management

• Additional rent growth possible through light interior upgrades

• Strong tenant amenities: private garages, in-unit laundry, outdoor space

• Ideal for investors seeking stable cash flow with upside potential

 

74–82

Entry

74–82

Deck

74–82

Floor Plan

74–82

Kitchen

74–82

Kitchen

74–82

Dinning Area

74–82

Upper ½ Bath

74–82

Entryway

74–82

Interior Garage

74–82

Lower Bath

74–82

Lower Bath

74–82

Bed One

74–82

Bed One

74–82

Bed One - Closet

74–82

Bed Two

74–82

Bed Two - Closet

58–62

Front Aspect

58–62

Garage

58–62

Front Entry/ Living Room

58–62

Living Room

58–62

Kitchen

58–62

Kitchen

58–62

58–62

Bedroom Two

58–62

Bathroom

58–62

Bathroom