UPDATED:
11/06/2024 08:37 PM
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,796 sqft
Price per Sqft $217
Subdivision Lenwood Heights
MLS Listing ID 6627938
Bedrooms 5
Full Baths 2
Three Quarter Bath 1
Year Built 1973
Annual Tax Amount $6,646
Tax Year 2024
Contingent None
Lot Size 1.600 Acres
Acres 1.6
Lot Dimensions Irregular
Property Description
This home, in the highly desirable Lenwood Heights neighborhood, located just off Mayowood Road, has so much potential waiting for just the right buyer. While the home can certainly be used as a traditional, single family, it does have a potential to be used as an investment property or a multi-generational home, which we have seen at growing need for in Rochester, Minnesota.
The home could be used in a variety of ways. If you’re thinking of downsizing, but would still like to have additional income during retirement, it could be used as an Airbnb property. Similarly, if you’re starting out in your career and family, but you know you’ll eventually need a bigger home, you could live in the main level and use the lower level as an investment vehicle such as an Airbnb that’s returning cash flow while you're getting your career up and running. Or Perhaps you have high school kids who will be headed off to college next year and you want them to test out their skills at taking 100% care of themself. Maybe you'd like to host exchange students or have an au pair? The lower level has its own separate entrance, full kitchen and washer and dryer, giving you all the flexibility you’re going to need to try out these ventures.
These are just a few examples. I’m sure you could come up with more.
This property sits on over 1.5 acres with mature trees and a true connection to nature. The large private wooded lot is beautifully landscaped with a deck and Pergola. With multiple places to relax and entertain throughout this light filled home, you have to come see it in person to see all it has to offer.
You truly can have it all - a connection to nature, an investment property, a side income and only 5 mins from downtown Rochester! Call me to set up your private showing today.
Location
State MN
County Olmsted
Zoning Residential-Single Family
Rooms
Basement Brick/Mortar, Finished, Full
Dining Room Eat In Kitchen, Informal Dining Room, Kitchen/Dining Room, Living/Dining Room, Separate/Formal Dining Room
Interior
Heating Forced Air, Fireplace(s)
Cooling Central Air
Fireplaces Number 2
Fireplaces Type Gas, Wood Burning
Fireplace No
Appliance Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Humidifier, Gas Water Heater, Water Filtration System, Microwave, Refrigerator, Washer, Water Softener Owned
Exterior
Garage Attached Garage, Insulated Garage
Garage Spaces 2.0
Fence Chain Link
Roof Type Age 8 Years or Less
Building
Lot Description Irregular Lot, Tree Coverage - Medium
Story One
Foundation 4000
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories One
Structure Type Brick/Stone,Vinyl Siding
New Construction false
Schools
Elementary Schools Bamber Valley
Middle Schools John Adams
High Schools Mayo
School District Rochester
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