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6
Bedrooms
5.0
Baths
2,912
Sqft
$146
Price/Sqft
0.30
Acres
Not Available
About this home
Welcome to your next investment opportunity in charming Waterville! This historic 5-plex boasts 2,912 square feet of meticulously maintained living space, perfectly positioned just 4 blocks from Lake Tetonka's boat landing and picnic area. Recent modernizations include comprehensive upgrades to roofing, siding, electrical systems (with separate meters for each unit), replacement windows, plumbing, water heater, and enhanced insulation, ensuring this property runs efficiently and sustainably.
Investors will appreciate the fully occupied status and strong rental history, complemented by a recently renewed rental license through 2025. The property features a valuable 5-stall detached garage, offering additional rental income potential or owner storage. Situated in the progressive resort community of Waterville, tenants enjoy easy access to the Tetonka-Sakatah lake chain, known for exceptional fishing and outdoor recreation. The vibrant downtown area offers everything from convenience stores and hardware shops to restaurants and essential services, while major employment hubs in Waseca, Faribault, Mankato, and the Southern Metro are all within comfortable commuting distance. This turnkey investment property showcases the perfect blend of historic charm and modern functionality.
