Map
Listed price in listed location currency (USD).
$1,595,000

101010

MLS® 7113000

Overview

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage Yes
Taxes $12,641
Days Active 3
Lot Size 2.5 Acres
Approx. Age 1989
MLS® Number 7113000

Property Address: 417 Hunter Drive, Watertown, MN, 55388

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional townhome development opportunity in the growing community of Watertown. This fully platted development consists of 12 individually platted townhome lots (12 separate PIDs) with 5 existing units and approvals for 7 additional units. The existing residences include four 2BR/2BA units and one 3BR/2BA unit, each offering 1, 408 finished sq. ft., walkout lower levels, and attached two-car garages. Numerous capital improvements have been completed, including newer windows and entry doors, a roof approximately 9 years old, and many units featuring updated kitchens, HVAC systems, bathroom vanities, and flooring. Tenants pay all utilities, providing an attractive investment opportunity. The remaining 7 lots offer excellent development potential, with the southern three lots accommodating larger 22' x 48' building footprints and the northern four lots designed for expansive 22' x 66' footprints - allowing substantially larger townhomes than the existing units. Utilities are available in the street, reducing future development costs. A rare opportunity to acquire an income-producing asset with significant expansion potential.
MLS® Number7113000
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1989
BasementBlock, Single Tenant Access, Storage Space, Sump Basket, Sump Pump, Unfinished
DrivewayParking Lot, Tuckunder Garage
Garage Spaces
HeatForced Air
A/CCentral Air

Extras

Building, Fixture/Equipment

Map

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