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About the Listing 6898 - 502053598,505501882,502012659
HUGE PRICE REDUCTION - MOTIVATED SELLER. PRICE IS FIRM. 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 Highlights
Interior Details
- Bedrooms: 10
- Bathrooms: 10 Full
- Appliances: Dishwasher, Exhaust Fan, Range, Refrigerator, Stainless Steel Appliances, Water Softener Owned
- Air Cond: Central Air
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Basement: Block,Single Tenant Access,Storage Space,Sump Basket,Sump Pump,Unfinished
- Other: Ceiling Fan(s),Kitchen Window,Porch,Washer/Dryer Hookup,Walk-In Closet
- Water: City Water/Connected
Exterior Details
- Lot Description: Cleared,Corner Lot,Tree Coverage - Medium,Zero Lot Line
- Garage Capacity: 10 car
- Lot Dimensions: 250 x 600 x 300 x 359
- Zoning: Residential-Multi-Family
- Roof: Age Over 8 Years
- Others:
- Sewer: City Sewer/Connected,City Sewer - In Street
- Parking Features: Parking Lot,Tuckunder Garage
Financial Details
- Tax Amount: $12,641
- Taxes w/Assessments: N/A
- Tax/Property ID: 854210050
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
417 Hunter Dr Watertown, MN 55388
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