*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
Date | Details | Price | Change |
---|---|---|---|
Price Reduced | $375,000 | $20,000 (5.06%) | |
Price Reduced | $395,000 | $35,000 (8.14%) | |
Price Reduced | $430,000 | $20,000 (4.44%) | |
Price Reduced (from $475,000) | $450,000 | $25,000 (5.26%) |
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Listing information last updated on November 23rd, 2024 at 8:30pm CST.