If you’re in the market for a lucrative investment opportunity, look no further than the Minnesota Duplex for Sale in the Carefree Cottages development in Crosslake. This property offers not only current rental units but also the potential for further development on the surrounding land.
Included in this enticing sale are four well-maintained condos, each boasting two bedrooms and two baths. These condos are strategically located throughout the development, ensuring a diverse range of rental options. With one-level living and finished square footage ranging from 1100 to 1200 square feet, these condos are perfect for tenants seeking comfort and convenience. Additionally, each unit has a manageable association fee of $175 per month.
What sets this investment opportunity apart is the potential for further development. The sale includes an undeveloped four-plex condo site, complete with four garage stalls. This presents an opportunity for you to build and rent out these additional units, or even sell them for a profit. Furthermore, the sale also includes eight single-stall garages that are already built, providing additional rental income.
The icing on the cake is the 7.35-acre parcel of land located to the west of the development. This vast expanse offers endless possibilities for expansion or development. Whether you envision constructing more condos, additional rental units, or even a commercial space, this parcel of land provides the perfect canvas for your creative ambitions.
Location is key, and this Carefree Cottage development is ideally situated right in the heart of Crosslake. Residents of this development will enjoy easy access to the Crosslake Community Center, perfect for social gatherings and community events. Outdoor enthusiasts will appreciate the nearby Crosslake pathways, offering scenic biking and walking routes. For those seeking culinary delights, great restaurants are just a stone’s throw away, and various retail shops cater to all your shopping needs. Golf enthusiasts will be delighted to discover premier golf courses within close proximity to the development.
In conclusion, the Minnesota Duplex for Sale in the Carefree Cottages development presents an outstanding investment opportunity. With four rented condos, an undeveloped four-plex condo site with garage stalls, existing single-stall garages, and a vast parcel of land, the potential for both immediate and long-term returns is immense. Don’t miss out on this chance to invest in development and secure a profitable future.
37440 Carefree Drive, Crosslake, MN 56442