Description
Great opportunity to purchase a residential income and development property. The property consists of three parcels. Two with homes along with a pasture/vacant lot. Current 4.2% CAP rate, projected 5% CAP rate or develop the property. It is in the Central Business District (CBD) zone with countless development possibilities including multi-family, senior housing, single family housing and commercial.
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6BEDS
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1.5ACRES
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3BATHS
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01/2 BATHS
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2,614SQFT
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$287$/SQFT
School Information
Courtesy of Lee & Associates.Description
Great opportunity to purchase a residential income and development property. The property consists of three parcels. Two with homes along with a pasture/vacant lot. Current 4.2% CAP rate, projected 5% CAP rate or develop the property. It is in the Central Business District (CBD) zone with countless development possibilities including multi-family, senior housing, single family housing and commercial.
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