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Property profile & analytics
OFF-MARKET
Land

0 Tbd Elm Ave Waverly, MN 55390

0.98 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 0.98 ac (42,689 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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