0 Tbd Elm Ave Waverly, MN 55390
This exceptional 0.98-acre lot presents a rare multi-family development opportunity in the highly sought-after town of Waverly, Minnesota. Located in Wright County, this property boasts a desirable RES 1-3 zoning designation, allowing for the construction of a 12-24 unit residential development (plans are proposed, but not guaranteed). Situated on a paved road with convenient access from both Elm Avenue and Lakeview Drive, the property offers excellent visibility and accessibility. The nearly one-acre lot is beautifully landscaped with mature trees and enjoys a tranquil setting across from Lake Waverly. Its level topography simplifies construction and site preparation, minimizing potential development challenges. The property's address is TBD Elm Ave, Waverly, MN 55390. This is a unique chance to capitalize on the strong demand for housing in this thriving community. The asking price for this exceptional development opportunity is $129,000. Don't miss this chance to acquire a prime piece of land in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.