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Lee Estates Apartments

Lee Estates Apartments

1740-1780 Lee Blvd  /

Property Details

Price:
Property Type Multifamily
Total Lot Size: 4.0 Acres
Year Built: 1983
Number of Units: 24
County: Nicollet

Description

Michel Commercial is pleased to present Lee Estates Apartments, a 24-apartment home property located in North Mankato. This well-maintained property has a strong occupancy history. Featuring a desirable mix of one- and two-bedroom homes. Residents enjoy on-site laundry and the convenience of surface parking and garages available for rent. With a strong track record of high occupancy and solid in-place income, the Lee Estates Apartments offers reliable and predictable returns, making it an attractive investment in a prime location.

Location

Lee Estates Apartments is located in a peaceful residential area, the apartments are ideal for those seeking a calm and quiet living environment. With the city of Mankato adjacent and less than 90 miles from Minneapolis, North Mankato offers the perfect blend of small-town charm and easy access to big-city conveniences.

Highlights

Strong Historical Occupancy
Lee Estates boasts consistent and predictable cash flow, supported by its strong occupancy rates. The appeal of its townhome-style rental units attracts and retains residents, ensuring long-term stability and demand.

Proximity to Employment and Education
Lee Estates Apartments provide an ideal location for professionals and students alike. Situated near major employers like Taylor Corporation and close to South Central College, the apartments reduce commute times and offer easy access to both work and education. The short drive to downtown Mankato expands opportunities for jobs and community services, making it a practical choice for those seeking convenience and connectivity.

Thriving Community Atmosphere
Residents enjoy a welcoming and family-friendly environment at Lee Estates Apartments. The neighborhood fosters a peaceful, community-focused vibe, supported by its quiet location. Nearby parks and trails offer space for recreation and socializing, enriching the sense of connection among neighbors.

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