Description
Great Opportunity Zoned R-20 which would allow 12.6 units if you meet City requirements. Possibly Density Bonuses if you meet City Goals, transit oriented etc. Property consists of 4 lots includes 2 existing Triplexes 1 bdrm 1 bath approx 1,912sf with 6 Carport open garage additional land lease income approx $2,000.00 per year Property Producing around $65,000.00 a year income currently, could be Great Carriers until you possibly build out a Larger Project. Projected rent $1,498.00 x 6 = $8,988 x 12 = $107,856.00 + $2,957.00 Land Lease
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0BEDS
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0.63ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
Great Opportunity Zoned R-20 which would allow 12.6 units if you meet City requirements. Possibly Density Bonuses if you meet City Goals, transit oriented etc. Property consists of 4 lots includes 2 existing Triplexes 1 bdrm 1 bath approx 1,912sf with 6 Carport open garage additional land lease income approx $2,000.00 per year Property Producing around $65,000.00 a year income currently, could be Great Carriers until you possibly build out a Larger Project. Projected rent $1,498.00 x 6 = $8,988 x 12 = $107,856.00 + $2,957.00 Land Lease
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Listing courtesy of Gary Schwaegerle of Schwaegerle, Realtors.