Asking Price $2,500,000
RARE INVESTMENT & REDEVELOPMENT OPPORTUNITY! An exceptional property offering the unique combination of substantial in-place rental income and exciting future redevelopment potential.Situated on one property are FOUR existing houses currently generating a combined $10,725 PER MONTH in rental income ? approximately $128,700 in gross annual income. This provides an investor with meaningful cash flow from day one while evaluating the property's longer-term possibilities.The real opportunity lies in the flexibility of the asset. Continue operating the four existing residences as an income-producing investment, explore opportunities to enhance the property's current use, or investigate its future redevelopment potential. The property's configuration and overall potential create a compelling opportunity for investors, developers, builders, and end users looking for a value-add acquisition.Property is being marketed based upon its existing use and potential. Any proposed development, redevelopment, subdivision, change of use, or other improvements are subject to applicable zoning regulations, governmental approvals, and the buyer's independent due diligence. Seller and listing broker make no representations regarding the feasibility or approval of any proposed use.A unique opportunity to acquire FOUR income-producing houses on one property while exploring the possibilities for its next chapter.
| Year Built: | 1900 |
| Garage: | Detached Garage, 2 Car |
| Lot Dimens: | .747 AC |
| Lot Desc: | Corner, Level Lot, Possible Subdivision |
| Heating/Cooling Type: | Baseboard - Hotwater |
| Fuel: | Gas-Natural |
| Siding/Exterior: | Vinyl Siding |
| Roof: | Asphalt Shingle |
| Public Util: | Public Sewer |
| Water Type: | Public Water |
| Flooring: | Vinyl-Linoleum, Wood |
| Included: | Range/Oven-Gas, Refrigerator |
| Excluded: | All tenants personal property |
Listing Agent:
Listing Broker:
COLDWELL BANKER REALTY
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