Are you in search of a lucrative investment opportunity? Look no further than this Minnesota Duplex for Sale in the Carefree Cottages development in Crosslake. With multiple components up for grabs, this property offers the chance to rent existing units while also developing the land further.
Search Airdeed Homes Minnesota
The highlight of this sale is the four condos strategically placed throughout the development. Each condo boasts two bedrooms, two bathrooms, and a comfortable one-level living space. With finished square footage ranging from 1100 to 1200, these condos offer ample room for residents. Additionally, each unit comes with an association fee of $175 per month, ensuring that the property remains well-maintained.
What sets this property apart is the fact that all four condos are currently being rented. This means that as the new owner, you can immediately start generating income from day one. Renting out these units is a fantastic way to establish a steady cash flow while you explore further development possibilities.
Furthermore, the sale includes an undeveloped 4-plex condo site, complete with four garage stalls. This presents a fantastic opportunity to build and rent out additional units or sell them for a profitable return. With eight single-stall garages already built, there is already a source of additional rental income awaiting the new owner.
As if that wasn’t enough, the sale also includes a vast 7.35-acre parcel of land to the West of the development. This presents endless possibilities for expansion, whether it be constructing additional units or exploring alternative development options. The size of this parcel ensures that there is plenty of room to bring your vision to life.
Location is key, and this Carefree Cottage development is perfectly situated in the heart of Crosslake. Residents will find themselves just minutes away from the Crosslake Community Center, offering a plethora of activities and events. The nearby Crosslake pathways are ideal for biking and walking, allowing residents to enjoy the natural beauty of the area. In addition, the development is conveniently close to a variety of excellent restaurants, retail shops, and premier golf courses, ensuring that residents have everything they need at their fingertips.
Overall, this Minnesota Duplex for Sale in the Carefree Cottages development in Crosslake is a fantastic investment opportunity. With multiple components already generating income and the potential for further development, this property provides the chance to establish a profitable venture in a prime location. Don’t miss out on this chance to make your mark in the thriving Crosslake community.
37440 Carefree Drive, Crosslake, MN 56442
Leave a Reply