MLS# 7113000 - 409 Hunter Drive Watertown, MN 55388
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Financing
Sale price ($) Down payment (%) Interest Rate (%) Term (years) |
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Property Location
Dane Arthur Real Estate Agency is the brokerage office representing the seller for this listing.
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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. 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A rare opportunity to acquire an income-producing asset with significant expansion potential.","PublicSurveyRange":"25","PublicSurveySection":"09","PublicSurveyTownship":"117","NST_RentalLicenseType":"Standard","NST_RentalLicenseYN":"Y","RoadFrontageType":"City Street,County Road,Curbs,Private Road,Street Lights,Storm Sewer","RoadResponsibility":"Private Maintained Road,Public Maintained Road","Roof":"Age Over 8 Years","NST_SchoolDistrictFullName":"111 - Watertown-Mayer","NST_SchoolDistrictNumber":"111","NST_SchoolDistrictPhone":"9529550480","Sewer":"City Sewer/Connected,City Sewer - In Street","StandardStatus":"Active","StateOrProvince":"MN","StreetName":"Hunter","StreetNumber":"409","StreetNumberNumeric":"409","StreetSuffix":"Drive","SubdivisionName":"Sugarbush 2nd Add","TaxAnnualAmount":"12641","NST_TaxWithAssessments":"12816","TaxYear":"2025","TenantPays":"All Utilities,Broadband,Cable TV,Electricity,Gas,Heat,Hot Water,Sewer,Trash 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