*INVESTOR ALERT* Zoned for 6 dwelling units, this gutted and framed two-story End-of-Group offers numerous finishing options with significant upside equity for development in the Station North Arts District! The existing structure allows for 4 dwelling units: two 1 Bed / 1 Bath units on the first floor, two 2 Bed / 1 Bath units on the second floor. Two additional 2 Bed / 1 Bath units possible with 3rd floor 27x65 addition. Original zoning plan allowed for a mix of two ground floor commercial units boasting 92’ of road frontage and four upper-level dwelling units with a total proposed enclosed space of 4600+ SQFT. Potential gross rental income as a 6-unit of $140,000. Ready for MEPs with an estimated 4-5 month timeline to completion as a 4-unit and 7-8 months as a 6-unit. Building permit, stamped drawings, site plans, residential change, and appraisal with a $1,240,000 completed valuation available upon request
Listed by:
RE/MAX Advantage Realty
Source:
BRIGHT MLS
Date | Days Ago | Event | New Price |
---|---|---|---|
Sep 18, 2024 | 17 days ago | Price decreased20,000 (4%) | $430,000 |
Sep 9, 2024 | 26 days ago | Price decreased25,000 (5%) | $450,000 |
Aug 21, 2024 | 2 mos ago | New on market | $475,000 |