Well maintained turn of the century 5 plex with so much character. Only 4 blocks from the park with a picnic area and boat landing for Lake Tetonka. Updates to this lovely property include updated roofing, siding, separate electrical for each apt, most windows replaced, plumbing and water heater updates, and insulation updates. Rental licensing was just renewed in 2025 for 2 years and inspections were completed. Includes 5 stall detached garage for renting to tenants or owner storage. Completely rented with excellent rental occupancy records. The 5 plex is located in Waterville, a very progressive, resort community, located on the Tetonka, Sakatah lake chain. A large, deep lake chain with excellent fishing, resorts and Sakatah State Park. This small town has a busy Main Street with 2 convenience/gas stations, a bank, 2 large hardware stores, a lumber yard, grocery store, meat market, NAPA store, Mexican restaurant, bars, event center, and more. There are also many employment opportunities in Waterville and the surrounding towns. There is never a shortage of tenants wanting to settle in this centrally located community, only 15 mins from Waseca, 20 mins from Faribault, 30 mins from Mankato or St Peter, 45 mins to the Southern Metro Send a message to request more pictures, details, or a showing. Seller will consider a single family home, or fixer upper property in trade for down payment.
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