Exceptional opportunity with endless possibilities! Unique single-family home with a currently licensed rental apartment! This versatile property offers three separate living areas, each with its own kitchen. One unit is currently licensed for rental use, providing excellent income potential, while the remaining living spaces are ideal for multigenerational living, extended family, guests, or a returning adult child. Every space offers its own unique charm and personality. Outside, you'll find both a single-plus detached garage and a three-car detached garage, providing incredible space for vehicles, hobbies and storage. This lovely property is situated on nearly half acre, the outdoor space is just as impressive! Whether you envision lush gardens, a game of croquet or volleyball, entertaining family and friends, or simply relaxing in your own backyard retreat, there's room to make it your own. With numerous updates throughout, this property combines character, versatility, and opportunity. Be sure to review the attached supplement for a complete list of improvements and updates. Properties offering this much flexibility are truly a rare find! Buyers should verify future rental licensing and intended use with the City of Sauk Rapids. Sellers may consider selling upper two living areas furnished with an acceptable offer including personal property.