About 409-417 Hunter Drive
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.
Amenities
| Utilities |
Electric Separate, Heating Separate |
| Parking |
Parking Lot, Tuckunder Garage |
| # of Garages |
10 |
| Is Waterfront |
No |
| Has Pool |
No |
Interior
| Appliances |
Dishwasher, Exhaust Fan, Range, Refrigerator, Stainless Steel Appliances, Water Softener Owned |
| Heating |
Forced Air |
| Cooling |
Central Air |
| Fireplace |
No |
| Has Basement |
Yes |
| Basement |
Block, Single Tenant Access, Storage Space, Sump Basket, Sump Pump, Unfinished |
Exterior
| Exterior Features |
Cedar, Stucco |
| Lot Description |
Cleared, Corner Lot, Tree Coverage – Medium, Zero Lot Line |
| Roof |
Age Over 8 Years |
| Construction |
Block, Frame |
409–417 Hunter Drive represents a compelling opportunity to acquire an established income-producing property with significant built-in development potential. The offering includes five existing townhomes together with seven additional individually platted lots, creating the flexibility to generate rental income today while expanding the development over time. With utilities available, generous building footprints and strong demand for quality housing in the western Twin Cities, this property offers a rare combination of immediate value and long-term upside.
If you have an interest in this opportunity, I invite you to contact me directly. As the listing agent and owner of CommercialZip.com, I can provide detailed property information, the current rent schedule, operating expenses, plat documents and additional development materials to help you fully evaluate the investment. I would also be pleased to answer your questions, discuss the property’s potential and arrange a private tour of 417 Hunter Drive, Watertown, MN 55388.
David Gooden
612-367-6025
CommercialZip.com | Dane Arthur Agency
