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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$1,595,000

Est. payment - /mo

10 Beds

10 Baths

2.5 Acres Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Sugarbush 2Nd Add

MLS Listing ID 7113000

Bedrooms 10

Year Built 1989

Annual Tax Amount $12,641

Tax Year 2025

Contingent None

Lot Size 2.500 Acres

Lot Dimensions 250 x 600 x 300 x 359

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.

Location

State MN

County Carver

Zoning Residential-Multi-Family

Rooms

Basement Block, Single Tenant Access, Storage Space, Sump Basket, Sump Pump, Unfinished

Interior

Heating Forced Air

Cooling Central Air

Flooring Carpet, Engineered Hardwood, Vinyl

Inclusions Building, Fixture/Equipment

Fireplace No

Appliance Dishwasher, Exhaust Fan, Range, Refrigerator, Stainless Steel Appliances, Water Softener Owned

Exterior

Parking Features Parking Lot, Tuckunder Garage

Garage Spaces 10.0

Fence None

Utilities Available Electric Separate, Heating Separate

Roof Type Age Over 8 Years

Present Use Residential

Building

Lot Description Cleared, Corner Lot, Tree Coverage - Medium, Zero Lot Line

Story Three Or More

Foundation 3520

Sewer City Sewer/Connected, City Sewer - In Street

Water City Water/Connected

Level or Stories Three Or More

Structure Type Block,Frame

New Construction false

Schools

School District Watertown-Mayer

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Listed by David Gooden • Dane Arthur Real Estate Agency

Nearby School & Business

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417 Hunter DR Watertown, MN 55388