For Sale: Savage MLS# 6825826
Active
NEW!
$250,000
Condo/Townhome: Side x Side
3 br • 2 ba • Built 1984
1,398 sqft • 0.03 acres
MLS# 6825826
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Property Description
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.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$250,000
Price per sq ft:
$179
Property Type:
Condo/Townhome
City:
Savage
Garage Spaces:
2
County:
Scott
Year Built:
1984
State:
MN
Property Style:
Side x Side
Zip Code:
55378
Subdivision Name:
Wildwood Estates 1st Add
Interior
Bedrooms:
3
Bathrooms:
2
Finished Area:
1,398 ft2
Total Fireplaces:
0
Living Area:
1,398 ft2
Common Wall:
Yes
Appliances Included:
- Cooktop
- Dishwasher
- Disposal
- Dryer
- Gas Water Heater
- Microwave
- Refrigerator
- Washer
Basement Details:
- Daylight/Lookout Windows
- Egress Window(s)
- Finished
- Full
Exterior
Stories:
Split Entry (Bi-Level)
Garage Spaces:
2
Garage Dimensions:
21 x 20
Garage Size:
420 ft2
Air Conditioning:
Central Air
Foundation Size:
914 ft2
Handicap Accessible:
None
Road Responsibility:
Private Maintained Road
Heating System:
Forced Air
Parking Features:
- Attached Garage
- Insulated Garage
- Tuckunder Garage
Unit Amenities:
- Deck
- Kitchen Center Island
- Main Floor Primary Bedroom
- Paneled Doors
Road Frontage:
- No Outlet/Dead End
- Private Road
Exterior Material:
Block
Roof Details:
- Age 8 Years or Less
- Asphalt
Rooms
1/4 Baths:
None
Full Baths:
1
Half Baths:
1
3/4 Baths:
None
Bathroom Details:
- 1/2 Basement
- Main Floor Full Bath
Dining/Kitchen:
- Informal Dining Room
- Kitchen/Dining Room
- Living/Dining Room
Laundry:
Lower Level
| Main Level | Size | Sq Ft |
|---|---|---|
| Deck | 14 x 9 | 126 |
| Dining Room | 10 x 8 | 80 |
| Bedroom | 14 x 10.5 | 140 |
| Kitchen | 10 x 9 | 90 |
| Living Room | 15 x 12 | 180 |
| Bedroom 2 | 14.5 x 10 | 140 |
| Lower Level | Size | Sq Ft |
|---|---|---|
| Family Room | 14 x 12.5 | 168 |
| Garage | 21 x 20 | 420 |
| Laundry | 7 x 7 | 49 |
| Bedroom 3 | 10 x 10 | 100 |
Lot & Land
Acres:
0.03
Geolocation:
44.747236, -93.347281
Lot Dimensions:
Common
Zoning:
Residential-Single Family
Schools
School District:
931
District Phone:
9527072000
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$2,308
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$2,308
Association Fee Required:
Yes
Association Fee:
$351
Association Fee Frequency:
Monthly
Association Fee Includes:
- Building Exterior
- Hazard Insurance
- Lawn Care
- Maintenance Grounds
- Professional Mgmt
- Sanitation
- Shared Amenities
- Snow Removal
Association Company:
33rd Company, Inc
Association Company Number:
6517775500
Miscellaneous
Fuel System:
Natural Gas
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of ERA Prospera Real Estate.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.