Property Listing
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.
Property Information
Status: Active
Sub Type: ********
List Price: $1,595,000
MLS#: 7113000
Current Price: $1,595,000
Address: ********
City: Watertown
State: MN
Postal Code: 55388
Geo Lat: ********
Geo Lon: ********
Subdivision: Sugarbush 2nd Add
County: Carver
Property Description
Year Built: 1989
Lot Size SqFt: 108900
Gen Tax: 12641
Specials Inst: 0
High School: Watertown-Mayer
Square Ft. Source:
Above Grade Finished Area: ********
Below Grade Finished Area: ********
Below Grade Unfinished Area:
Total SqFt.: 7040
Style: ********
Total Bedrooms: 10
Total Bathrooms: 10
Total Full Baths: ********
Garage Type:
Garage Stalls: 10
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: Building, Fixture/Equipment
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: