For Sale: Watertown MLS# 7113000
Active
NEW!
$1,595,000
Commercial: Other
10 br • 10 ba • Built 1989
2.5 acres
Watertown-Mayer schools
MLS# 7113000
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property 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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,595,000
Property Type:
Commercial
City:
Watertown
Garage Spaces:
10
County:
Carver
Year Built:
1989
State:
MN
Property Style:
Other
Zip Code:
55388
Subdivision Name:
Sugarbush 2nd Add
Interior
Bedrooms:
10
Bathrooms:
10
Ceiling Height:
8-10
Flooring:
Carpet, Engineered Hardwood, Vinyl
Refrigerators:
Five
Appliances Included:
- Dishwasher
- Exhaust Fan
- Range
- Refrigerator
- Stainless Steel Appliances
- Water Softener Owned
Basement Details:
- Block
- Single Tenant Access
- Storage Space
- Sump Basket
- Sump Pump
- Unfinished
Exterior
Stories:
Three Or More
Garage Spaces:
10
Garage Dimensions:
20 x 20 Each Unit
Garage Size:
1,000 ft2
Garage Door Height:
7
Air Conditioning:
Central Air
Foundation Size:
3,520 ft2
Foundation Dimensions:
110 x 32
Fencing:
None
Handicap Accessible:
None
Road Responsibility:
Private Maintained Road, Public Maintained Road
Heating System:
Forced Air
Parking Features:
- Parking Lot
- Tuckunder Garage
Unit Amenities:
- Ceiling Fan(s)
- Kitchen Window
- Porch
- Walk-In Closet
- Washer/Dryer Hookup
Road Frontage:
- City Street
- County Road
- Curbs
- Private Road
- Storm Sewer
- Street Lights
Exterior Material:
- Block
- Frame
Roof Details:
Age Over 8 Years
Lake & Waterfront
Waterfront Present:
N
Lot & Land
Acres:
2.5
Geolocation:
44.956483, -93.837991
Inclusions:
Building, Fixture/Equipment
Lot Dimensions:
250 x 600 x 300 x 359
Addl Parcels:
854210060, 854210070, 854210080, 854210090, 854210100, 854210110, 854210120, 854210010, 854210020, 854210030, 854210040, 854210130
Zoning:
Residential-Multi-Family
Lot Description:
- Cleared
- Corner Lot
- Tree Coverage - Medium
- Zero Lot Line
Farm
Topography:
Level, Walkout
Schools
School District:
111
District Phone:
9529550480
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
$4,700
Annual Maintenance Expense:
$2,700
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities, Broadband, Cable TV, Electricity, Gas, Heat, Hot Water, Sewer, Trash Collection, Water
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$12,641
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$12,816
Income
Annual Gross Income:
$86,700
Rent
Annual Net Income:
$66,200
Units
Total Units:
5
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Owner Occupied:
No
Sewer System:
- City Sewer - In Street
- City Sewer/Connected
Available Utilities:
- Electric Separate
- Heating Separate
Water System:
City Water/Connected
Power Company Name:
Xcel Energy
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Dane Arthur Real Estate Agency.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.