{"@odata.id":"https:\/\/api.mlsgrid.com\/v2\/Property('NST7937636')","ListingKey":"NST7937636","AccessibilityFeatures":["None"],"AdditionalParcelsDescription":"854210060,854210070,854210080,854210090,854210100,854210110,854210120,854210010,854210020,854210030,854210040,854210130","AdditionalParcelsYN":true,"NST_AgentOwner":"No","NST_AmenitiesUnit":["Ceiling Fan(s)","Kitchen Window","Porch","Washer\/Dryer Hookup","Walk-In Closet"],"Appliances":["Dishwasher","Exhaust Fan","Range","Refrigerator","Stainless Steel Appliances","Water Softener Owned"],"LivingAreaUnits":"Square Feet","NST_AssessmentPending":"No","Basement":["Block","Single Tenant Access","Storage Space","Sump Basket","Sump Pump","Unfinished"],"BasementYN":true,"BathroomsTotalInteger":10,"BedroomsTotal":10,"BuildingAreaTotal":7040,"CumulativeDaysOnMarket":0,"NST_CeilingHeight":"8-10","City":"Watertown","NST_RefrigeratorNum":["Five"],"NST_CommercialStyleType":["Apartments\/Multi Family","Low Rise (3- levels)","Single Occupancy"],"ConstructionMaterials":["Block","Frame"],"NewConstructionYN":false,"Contingency":"None","NST_ForSaleOrLease":"For Sale","Cooling":["Central Air"],"CountyOrParish":"Carver","CurrentUse":["Residential"],"Directions":"From Watertown go South on Hwy 10.  Turn East on Madison St. SE.  Turn South on Hunter Drive to property on right.","DocumentsCount":3,"DocumentsChangeTimestamp":"2026-07-21T20:29:30.525Z","DaysOnMarket":0,"NST_DomIncrementTimestamp":"2026-07-20","NST_DomIncrementYN":"true","ElectricExpense":0,"ExteriorFeatures":["Cedar","Stucco"],"Fencing":["None"],"Flooring":["Carpet","Engineered Hardwood","Vinyl"],"FoundationArea":3520,"FoundationDetails":["Block"],"NST_FoundationDimensions":"110 x 32","NST_FractionalOwnershipYN":"No","NST_Fuel":["Natural Gas"],"FuelExpense":0,"NST_GarageSquareFeet":"1000","NST_GarageDimensions":"20 x 20 Each Unit","NST_GarageDoorHeight":"7","GarageSpaces":10,"GrossIncome":86700,"Heating":["Forced Air"],"HighSchoolDistrict":"Watertown-Mayer","NST_ForeclosureStatus":"No","Inclusions":"Building,Fixture\/Equipment","InsuranceExpense":4700,"InternetAddressDisplayYN":true,"InternetAutomatedValuationDisplayYN":true,"InternetConsumerCommentYN":true,"InternetEntireListingDisplayYN":true,"LandLeaseYN":false,"Latitude":44.95648299999999863985067349858582019805908203125,"NST_LenderOwned":"No","Levels":["Three Or More"],"ListPrice":1595000,"ListingContractDate":"2026-07-20","ListingId":"NST7113000","LockBoxType":["Combo"],"Longitude":-93.8379910000000023728716769255697727203369140625,"LotFeatures":["Cleared","Corner Lot","Tree Coverage - Medium","Zero Lot Line"],"LotSizeArea":2.5,"LotSizeDimensions":"250 x 600 x 300 x 359","LotSizeUnits":"Acres","MaintenanceExpense":2700,"ManagerExpense":0,"NetOperatingIncome":66200,"NumberOfUnitsTotal":5,"OperatingExpense":20500,"OriginalEntryTimestamp":"2026-07-20T21:24:58.000Z","OtherExpense":600,"NST_OverheadDoorClearance":["0-9 Feet"],"NST_OwnerOccupied":"No","OwnerPays":["Common Area Maintenance","Exterior Maintenance","Grounds Care","Insurance","Repairs","Roof Maintenance","Snow Removal","Taxes"],"ParcelNumber":"854210050","ParkingFeatures":["Parking Lot","Tuckunder Garage"],"NST_PatioPorchType":["Front Porch"],"PhotosCount":41,"PhotosChangeTimestamp":"2026-07-21T02:26:06.326Z","PostalCity":"Watertown","PostalCode":"55388","NST_PotentialShortSale":"No","NST_PowerCompanyName":"Xcel Energy","NST_PresentUse":"Yearly","PropertyType":"Commercial Sale","PublicRemarks":"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.","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":"417","StreetNumberNumeric":417,"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 Collection","Water"],"Topography":"Level,Walkout","Township":"Watertown","TrashExpense":0,"Utilities":["Electric Separate","Heating Separate"],"VideosCount":0,"WaterSewerExpense":0,"WaterSource":["City Water\/Connected"],"WaterfrontYN":false,"WindowFeatures":["Screens","Blinds","Double Pane Windows","Insulated Windows"],"YearBuilt":1989,"ZoningDescription":"Residential-Multi-Family","CoListAgentKey":"NST101636","CoListAgentMlsId":"NST505501882","CoListOfficeName":"Dane Arthur Real Estate Agency","ListAgentKey":"NST515990","ListAgentMlsId":"NST502053598","ListOfficeMlsId":"NST6898","ListOfficeName":"Dane Arthur Real Estate Agency","ListOfficeKey":"NST10142","ModificationTimestamp":"2026-07-21T20:58:08.756Z","OriginatingSystemName":"northstar","MlgCanView":true,"MlgCanUse":["IDX"]}