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Investor opportunity. This well-maintained split-level townhome is tenant-occupied through 2027, providing immediate rental income with no vacancy period. The existing lease includes built-in annual rent increases, offering predictable year-over-year income growth, and the property is occupied by a great, long-term tenant. The upcoming $10,000 HOA assessment will be paid by the seller, with planned HOA improvements scheduled for 2026 and 2027 and no increase to HOA dues for the new owner. Additional equity remains for the next investor and upcoming updates will increase the home and community value. The large, open kitchen features loads of storage, well-maintained appliances including a dishwasher, vented range hood, and a double-pane sliding glass door leading to the back deck. Two bedrooms and an updated full bath with double vanity are located on the upper level. The lower level includes a family room, third bedroom, second bathroom, laundry room, and direct access to the attached two-car garage. Additional features include updated lighting, LVP flooring in bedrooms, tile entries, NEW double-pane windows, insulated garage door, central AC, and a newer water heater (2021). Located near parks, trails, shopping, restaurants, and major highways, this property offers strong long-term rental appeal with stable, in-place tenancy.

ERA Prospera Real Estate is the brokerage office representing the owner for this listing.
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Mike Stanwood Realtor/GRI is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Mike Stanwood Realtor/GRI, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 2/21/2026 2:36:00 AM.