Spring Park Property Details
This Off-Market Lake Minnetonka Area single family home is located just a few blocks from the lake and walking distance to several Minnetonka hot spots. This is an great opportunity for a serious Fix and Flip or Complete Rebuild! The least expensive home SOLD in the area was $560K and then it goes up to $2,595,000.
- High ground and close to everything
- You can split the lot to build Twin Homes
- City Tennis courts and Thor Thompson Park just behind the property
- Walking distance to 5 different Bays of Lake Minnetonka, Post Office, restaurants, coffee shops all within 4 blocks
- Less than a 1 mile from Lord Fletchers, Minnetonka Drive- In, The Narrows Saloon, Lunds & Byerlys, DQ & Culver’s
- Very easy access to Shoreline Dr / Cty Rd. 15 and less than 2 Miles to Lafayette Country Club
- The Spring Park zoning code (Check out the City Code regarding R-1 district here) on this property allows two single family dwellings on at least 12,000 sqft. This lot has 20,000 sqft, so more than enough! Building a twin home/ town home would be a very lucrative investment.
Don’t miss out on this location. Regional Bike Trail / Luce Line Trail across the street, easy walk over to Lake Minnetonka! – No neighbors to build behind you 🙂
- BUY for $220K / PUT $180K in / SELL for $549K+ = $140K+ in Gross Profits!
Opportunity #2: Build Luxury Twin Home on Double Lot
Double Your Profits and Build Two for the Lot Price of One!
Build your very own side by side exclusive luxury twin home on this extra large lot surrounded by the beautiful Dakota Rail Trail, backyard access to public tennis courts and baseball field, and a two minute walk to the lake!
- Add your distinctive design and high-end upgrades to this up-and-coming affluent neighborhood just steps away from shops, restaurants and lake views.
- Spring Park Zoning Code minimum lot requirements for two-single family dwellings is at least 12,000 square feet
- 3822 Northern Ave contains a whopping 20,000 square feet so you can make sure there is a sizable front and back yard for each home.
- Most luxury Twin Homes sell at a comparable price as a luxury single family home.
Double your profits and build two for the lot price of one!
Check out more COMPARABLES below for more examples on your next twin home opportunity at 3822 Northern Ave.
Some of our properties are occupied. Please do not disturb occupants. For access and more information or questions about the property contact our agent.
$5,000 Non-Refundable Earnest Money Required to Secure Property with all offers.
If you are currently working with a client, and wish to receive commission, please note that the wholesale price does not include your commission.
You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.
There is no listing agreement in place, therefore, no cooperation policy applies to this transaction and at this time the above property will not appear on any retail market listing services.
* PropertyInvestmentMN.com is a website brand owned and controlled by Property Investment Enterprises, LLC., and all properties listed herein are owned or under contract by Property Investment Enterprises, LLC or in a joint venture agreement. Property Investment Enterprises, LLC is in the business of acquiring properties and selling wholesale to investors.
** A contract on the property is being marketed, and may not currently be owned by Property Investment Enterprises, LLC. However, Property Investment Enterprises, LLC has an equitable interest in the property and will be closing or assigning it’s interest on the property prior to closing. Property Investment Enterprises, LLC is not a real estate brokerage and does not represent buyers or sellers, nor does it receive commissions of any kind. Property Investment Enterprises, LLC is represented by National Realty Guild and licensee Martin Turner to facilitate all its’ transactions and state forms are used in all sales. Property will not be considered under contract until signed contract and deposit is received by the title company with all contingencies removed. Sales Price is net to Property Investment Enterprises, LLC.
*** Property Investment Enterprises, LLC (PIE) has exclusively relied upon the information listed within the County Assessors and Property Tax office to determine all measurements including lot size, square footage, number of bathrooms, number of bedrooms, number of rooms, zoning, permitted and prohibited uses, construction materials, parking, year of construction, and all other pertinent data relating to the physical improvements and land area of the subject property. Investor acknowledges and accepts that PIE makes no representations and warranties of any kind, whatsoever, as to the actual conditions that may exist within or around the property. Investor acknowledges that it has conducted its own investigation of these facts and due diligence. Investor will verify all material facts including square footage and is purchasing the subject property based upon its own conclusions. Investor expressly acknowledges that it is purchasing the property in “as is, where is” condition. All properties are subject to errors, omissions, deletions, additions, cancellation.