FORDE


North Mankato, MN 56003

 

$12,500,000
Price
10.71
GRM
$204,918
Price Per Unit
61
Number of Units
6.98%
Cap Rate
66,728
Building SF
$12,500,000
Price
10.71
GRM
$204,918
Price Per Unit
61
Number of Units
6.98%
Cap Rate
66,728
Building SF

The Forde

  • The Forde is a 61-unit secured residential building, recently renovated to offer modern living and high-end amenities. Each unit is equipped with appliance suites, in-unit washer and dryer, and solid core panel doors, ensuring both style and security. The building features key fob entries for enhanced security, while the well-maintained green space courtyard provides a relaxing environment for residents. Premium finishes such as hard surface countertops, upgraded cabinetry, and LED lighting elevate the living experience. Some units feature private balconies, adding to the desirability of the property. Additional conveniences include on-site storage units and ample parking. To enhance revenue potential, The Forde will include a 3,300 SF commercial space, offering a prime opportunity for additional income streams. This blend of residential and commercial offerings makes The Forde a promising investment opportunity for additional income streams. This blend of residential and commercial offerings make The Forde a promising investment opportunity.

Location...Location...Location!

  • The Forde is situated in a prime location in North Mankato, MN, offering convenient access to major highways, including Hwy 169 and Hwy 14, making it an ideal choice for commuters. Residents will enjoy the convenience of being within walking distance to popular outdoor attractions like Hiniker Pond and Spring Lake Park, which features a swimming facility, providing a perfect setting for relaxation and recreation. Families will appreciate the proximity to Monroe Elementary School, while Wheeler Park, known for hosting the annual North Mankato Fun Days and parade route, adds to the vibrant community atmosphere. The Forde will also benefit from being adjacent to a 30,000 SF commercial development, further enhancing its appeal and accessibility to local amenities. This strategic location ensures a desirable living experience for residents and promising growth potential for investors.
FOR MORE DETAILS CONTACT
Carlos Carrera
Associate
(507) 720-4663
carlos@mankatocre.com
20451253