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$267,900

For Sale - Active
7719 Nicholas Way, Chanhassen, MN 55317
2 Beds
2 Baths
1,343 Square Feet
0.03 Acres Lot
Built in 1994
For Sale - Active
Units n/a
Checked: 23 hours ago
Updated: Aug 25, 2025 at 10:11AM

Investment Summary


Monthly Cash Flow
-$260
Cap Rate
4.5%
Cash-on-Cash Return
-5.1%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-0.9%

Property Description


0.03 Acres Lot
Built in 1994
For Sale - Active
Units n/a

Welcome to this beautifully updated 2 bedroom, 2 bath townhome in the heart of Chanhassen. Nestled in a quiet, well-kept community, this home has been carefully maintained and thoughtfully upgraded throughout. Step inside to find rich mahogany hardwood floors, oak stairs, and fresh flooring in the kitchen, entry, and baths. The lower level offers a versatile nonconforming room that works perfectly as an office, gym, or guest space. Recent updates take the worry out of ownership: new furnace, AC, condenser, and whole-home humidifier, plus a complete water filtration system and softeners. The kitchen shines with a deep well sink, retractable faucet, powerful disposal, and upgraded LG appliances, including a double-wide refrigerator and new dishwasher. Fresh paint, new six-panel doors, resealed windows, and a renewed sliding door make this home truly move-in ready. With comfort, quality upgrades, and a prime location near trails, shopping, and more, this townhome is the total package.

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Location


Property Details


Parking

  • Description: Attached Garage, Garage Door Opener
  • Details: Garage Door Opener, Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 2

Bathroom Information

  • # of Baths (Full): 1
  • # of Baths (Partial): 1
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 9
  • # of Stories: 2
  • Basement: Yes
  • Basement Description: Partially Finished

Exterior Features

  • Exterior Walls Materials: Combination
  • Roof Material: Asphalt, Shingle

HOA

  • Has HOA: Yes
  • HOA Fee: $299/monthly

Land Information

  • Land Use: Residential
  • Land Use Subtype: Mobile/Manufactured Home

Lot Information

  • Parcel ID: 255630300
  • Lot Size: 1306 sqft

Property Information

  • Property Type: Townhouse
  • Style: (TH) Side x Side
  • Year Built: 1994

Tax Information

  • Annual Tax: $2,530

Utilities

  • Water & Sewer: Public
  • Heating: Forced Air
  • Cooling: Wall Unit(s)

Location

  • County: Carver

Listing Details


Listed by:
Ali Reda
Keller Williams Realty Integrity Lakes
(612) 940-6722

Source:
FargoMoorhead Area Association of REALTORS
MLS#: 6773477
FargoMoorhead Area Association of REALTORS

Investment Summary


Monthly Cash Flow
-$260
Cap Rate
4.5%
Cash-on-Cash Return
-5.1%
Debt Coverage Ratio
0.79
Internal Rate of Return (5 years)
-0.9%

Purchase Details

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Purchase price:
$267,900
Amount financed:
-$214,320
Down payment:
$53,580
Closing costs:
$8,037
Rehab costs:
$0
Initial cash invested:
$61,617
Square feet:
1,343
Cost per square foot:
$199
Monthly rent per square foot:
$1.64

Financing Details

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Loan amount:
$214,320
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,268
Property tax:
$211
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$1,633

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$211-$2,530
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (14%)
14%-$299-$3,588
Total operating expenses: (48%)
48%-$1,060-$12,718

Cash Flow


Monthly Yearly
Net operating income:
$1,008 $12,096
Mortgage payments:
-$1,268 -$15,216
Cash flow:
$260 $3,120