The Gateway Green Townhome Cottages presents a unique turn-key investment opportunity for the passive investor. There are six separate quality built townhomes located in a newer planned development of Forest Lake, Minnesota. Currently 100% rented with tenants paying their own utilities. The Homeowners Association (HOA) covers exterior maintenance, hazard insurance, building exterior, sanitation, snow removal, Lawncare, and professional management. Units are all slab on grade construction, two-story with two-car attached garages. Spacious floor plans across all units with high end finishes including quartz countertops, stainless steel appliances with built-in microwaves, luxury vinyl plank flooring and gas fireplaces.
Property Facts
Year Built: 2022
Square Footage: 13,310
Units: 6
Zoning: Multiple-family District
Parking: 6 Attached Two-Car Garage Stalls w/ Openers Plus 12 Off-Street Parking Spots
Exterior: Decorative Shakes and Vinyl Siding
Heating: Gas Fired Forced Air Furnaces
Air Conditioning: Central Air Conditioning
Roofs: Pitched Asphault Roofs - New installed in 2022
Unit Description
4 - Three Bedroom, 2 1/2 bath - Approx. 1631 -1779 Sqft.
2 - Two Bedroom +Den, 2 1/2 bath - Approx. 1583-1739 Sqft
Property Improvements
2022: New Electric High-Efficiency Water Heater
2022: New Forced Air Furnaces
2022: Roof - Pitched Roofs with 15-year warranty
2022: Windows - Double-Hung Vinyl Windows