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$685,000

7 Beds 2 / 2 Full / Half Baths 3,316 SQFT 0.46 Acres
Type: Multi-Family

25640 Wild Rose Lane
Excelsior, MN 55331

MLS#: 7127386
Mick Moore
Mick Moore
The Real Estate Advantage
Agent
Phone: 651.485.1585
Office: 952.253.5600
Presented by: Edina Realty, Inc.

Property Description

 

Rare Shorewood duplex offering an exceptional opportunity for both owner-occupants and investors. This property features two separate living spaces, strong rental income potential, and a highly desirable location in one of Lake Minnetonka’s most sought-after communities. Live in One. Rent the Other...Own your home in Shorewood while offsetting your housing costs. Owner occupants also can appreciate the privacy and separation from the rental unit and a private wooded setting. The larger east-side unit features three spacious upper-level bedrooms, plus a fourth egress bedroom or flexible living space in the lower level. The west-side unit offers two upper-level bedrooms, along with a third egress bedroom in the lower level. Both units have been thoughtfully updated with modern kitchens and baths, featuring fine finishes and custom cabinetry throughout. Both units have separate utility meters, plus the ever reliable electric baseboard heat in very comfortable. additional features are large garages, fenced yards and abundant storage plus room to expand in the basements. With well over $100,000 in recent improvements, including a new driveway, windows, interior and exterior paint, plumbing and fixtures, insulation, tree maintenance, appliances, A/C units, and gutters. These thoughtful updates provide peace of mind and are designed to offer years of comfortable ownership with reduced maintenance and fewer major capital expenses. The surrounding area is experiencing significant redevelopment and investment, further enhancing the property's long-term value and appeal. Whether you're looking to offset your mortgage with rental income, expand your investment portfolio, or capitalize on future growth, this is a rare opportunity in a thriving market. With this move-in ready residence, owner occupants will appreciate the privacy and separation from the rental unit and a private wooded setting. Investors will appreciate the strong demand for housing within the highly sought-after Minnetonka School District, along with this property’s nearly walkable location to Minnewashta Elementary. The combination of an excellent school district, convenient location, and strong rental demand makes this an attractive opportunity for investors seeking long-term value and reliable tenant appeal.


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area2,652 sqft
BasementBlock, Drain Tiled, Egress Window(s), Full, Partially Finished, Sump Pump
Basement (Y/N)Yes
Below Grade Finished Area664 sqft
Foundation Dimensions44x30
FuelElectric, Natural Gas
Garage Dimensions22x26.5
Garage Square Feet1074
Laundry FeaturesIn Basement, Electric Dryer Hookup, Lower Level, In Unit, Washer Hookup

General

AccessibilityNone
Additional Parcels Y/NNo
CityShorewood
Construction MaterialsBlock, Frame
ContingencyNone
CountyHennepin
DirectionsSmithtown Rd to Eureka, N to Wild Rose, west to home.
ElectricCircuit Breakers
Electric Expense0
Fuel Expense0
Garage Spaces4
Gross Income59400
HeatingBaseboard
High School DistrictMinnetonka
Insurance Expense3700
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3,316 sqft
Lot Size UnitsAcres
MaintenanceExpense1200
Net Operating Income47289
New ConstructionNo
Number Of Units Total2
Operating Expense12111
OwnerPaysExterior Maintenance, Insurance, Repairs, Other Tax, Sewer, Taxes
PostalCityExcelsior
Property SubtypeDuplex Side by Side
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameShorewood Acres 1st Add
Tax Annual Amount$6,711
Tax Year2026
Tenant PaysAll Utilities, Cable TV, Electricity, Fuel, Gas, Grounds Care, Heat, Lawn Care, Telephone, Sewer, Snow Removal, Trash Collection, Water
TopographyWooded
Trash Expense360
Water Sewer Expense1440
Year Built1963

Exterior

Building Area Total3,978 sqft
FencingChain Link
Foundation Area1,326 sqft
Lot Dimensions134x149
Lot FeaturesCorner Lot, Tree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesDetached Garage, Asphalt, Garage Door Opener, Guest Parking, Multiple Garages
Road Frontage TypeCity Street
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Middle School N/A
Elementary School N/A
High School N/A

  

Similar Properties

$685,000

7 Beds 2 / 2 Full / Half Baths 3,316 SQFT 0.46 Acres
Type: Multi-Family

25640 Wild Rose Lane
Excelsior, MN 55331

MLS#: 7127386
Mick Moore
Mick Moore
The Real Estate Advantage
Agent
Phone: 651.485.1585
Office: 952.253.5600