Broad & Cherry | MultIfamily Portfolio
509 S Broad St & 315 E Cherry, Mankato, MN 56001
Sale PRICE: $640,000
Multifamily Portfolio | Central Mankato
This fully occupied 8-unit portfolio includes two multifamily properties located near downtown Mankato. The diverse unit mix, ranging from studios to a four-bedroom duplex, provides flexibility and strong tenant demand.
New management took over in early 2025, focusing on operational improvements, tighter rent collection, and expense reduction. Current monthly rent roll is $6,490, with continued upside through ongoing professional oversight.
Portfolio Breakdown
509 S Broad St (6 Units): Studio, 1BR, and 2BR units
315 E Cherry St (2 Units): 1BR and 4BR duplex
This stabilized portfolio offers consistent cash flow, management efficiency, and long term value in a high demand rental market.