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Multifamily

The Edge

1902 Warren St, Mankato, MN 56001

Listing Price: Request For Offer

Number of Units
48

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of The Edge Apartments, a 48-unit asset located in Mankato, Minnesota. The property is being offered for sale on a free and clear basis. This student housing community is in an excellent location near the campus of Mankato Minnesota State University. Nestled in a neighborhood near the university, restaurants, shops, grocery stores and city parks, The Edge offers tenants the opportunity to live in a truly walk-able location. Approximately 85 miles southwest of the Twins Cities of Minneapolis and St. Paul, the university sits overlooking the Minnesota River Valley. With national recognition as one of the top public universities in Minnesota, Minnesota State Mankato has over 14,000 enrolled with over 11,000 students living on campus. MSU adds about $781 million annually to the Mankato economy. The Greater Mankato area has become one of Minnesota's fastest growing areas over the last 20 years and is the fifth largest city in Minnesota outside of the Minneapolis-St. Paul metropolitan area. The region grew over 20% in the last ten years from 85,712 to 102,723. This is due to a strong job market featuring companies such as Taylor Corp., Mayo Clinic Health Systems, and Minnesota State University, Mankato. The strong labor market has enabled this MSA to return to a low unemployment rate of 3.4% compared to the national unemployment rate of 5.8%. Built in 1967, The Edge consist of two three-story wood frame style buildings with a brick and vinyl exterior resting on 2.30 Acres. The asset consists of twenty-four one-bedroom/one-bath units, approximately 676 square feet in size and twenty-four two-bedroom/one-bath units, approximately 961 square feet in size. Units have been well maintained and are continuously updated during unit turnovers. In addition to off-street parking, tenants have access to on-site garages, on-site laundry, and a community pool. The Edge offers investors the opportunity to take advantage of historically low interest rates and acquire a well-built property situated in a strong college town.

Investment Highlights

  • Excellent Location Near Minnesota State University Mankato
  • Well Maintained Units
  • Amenities Include: Laundry facility, Ample Garages, On-Site Parking, & Community Pool

Exclusively Listed By

Financing By

Listing Price: Request For Offer

Number of Units
48

Investment Highlights

  • Excellent Location Near Minnesota State University Mankato
  • Well Maintained Units
  • Amenities Include: Laundry facility, Ample Garages, On-Site Parking, & Community Pool

Investment Overview

Marcus & Millichap is pleased to announce the exclusive listing of The Edge Apartments, a 48-unit asset located in Mankato, Minnesota. The property is being offered for sale on a free and clear basis. This student housing community is in an excellent location near the campus of Mankato Minnesota State University. Nestled in a neighborhood near the university, restaurants, shops, grocery stores and city parks, The Edge offers tenants the opportunity to live in a truly walk-able location. Approximately 85 miles southwest of the Twins Cities of Minneapolis and St. Paul, the university sits overlooking the Minnesota River Valley. With national recognition as one of the top public universities in Minnesota, Minnesota State Mankato has over 14,000 enrolled with over 11,000 students living on campus. MSU adds about $781 million annually to the Mankato economy. The Greater Mankato area has become one of Minnesota's fastest growing areas over the last 20 years and is the fifth largest city in Minnesota outside of the Minneapolis-St. Paul metropolitan area. The region grew over 20% in the last ten years from 85,712 to 102,723. This is due to a strong job market featuring companies such as Taylor Corp., Mayo Clinic Health Systems, and Minnesota State University, Mankato. The strong labor market has enabled this MSA to return to a low unemployment rate of 3.4% compared to the national unemployment rate of 5.8%. Built in 1967, The Edge consist of two three-story wood frame style buildings with a brick and vinyl exterior resting on 2.30 Acres. The asset consists of twenty-four one-bedroom/one-bath units, approximately 676 square feet in size and twenty-four two-bedroom/one-bath units, approximately 961 square feet in size. Units have been well maintained and are continuously updated during unit turnovers. In addition to off-street parking, tenants have access to on-site garages, on-site laundry, and a community pool. The Edge offers investors the opportunity to take advantage of historically low interest rates and acquire a well-built property situated in a strong college town.

Exclusively Listed By

Financing By

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