113 East Welcome Avenue
- Prime location near Minnesota State University, Mankato
- Fully leased through July 2027
- Strong, predictable income with signed leases in place
- Tenants pay all utilities (low expense structure)
- Large bedrooms and open-concept layouts attractive to renters
- In-unit laundry in all units
- Durable steel siding, newer windows, and newer roof
- Consistent student housing demand in a high-occupancy area
- Turnkey investment with minimal near-term capital needs
Property Description
This well-maintained multi-family property at 113 and 119 E. Welcome is perfectly situated just minutes from Minnesota State University, Mankato, making it an ideal investment for student housing or long-term rental demand. Each unit features spacious layouts with large bedrooms, open-concept living areas, and the convenience of in-unit laundry—highly desirable amenities for today’s renters. Tenants pay all utilities, helping to maximize owner returns and simplify expense management. The property has been thoughtfully updated with durable steel siding, newer windows, and a newer roof, providing both curb appeal and reduced maintenance. All leases are already signed for the August 2026 through July 2027 term, offering immediate stability and predictable income. The rental figures presented in this offering reflect the executed leases beginning August 1, 2026, giving investors confidence in forward-looking cash flow. This is a turnkey opportunity in a prime location with strong rental demand and solid long-term upside.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,650,000 |
| No. of Units: | 8 |
| Year Built: | 1962 |
| Lot Size: | 0.67 Acres |
| Opportunity Zone: | No |
| Price per unit: | $206,250 |
| Property Website | Click Here |
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