Description
Completely remodeled 3 bed / 1 bath Single Family Residence with zoning that allows for up to 5 stories, just outside the Little River Business District. This lot offers the future development opportunity to recognize up to 18 units for attainable mixed income housing, with existing plans in the works. With the ability to net close to $30,000 annually without additional improvements, this property is best seen as a covered land play for a developer looking to take advantage of the strong redevelopment incentives the zoning affords in the future, while capitalizing on the in-place income for the short- term as the neighborhood continues to grow and thrive.
School Ratings & Info
Description
Completely remodeled 3 bed / 1 bath Single Family Residence with zoning that allows for up to 5 stories, just outside the Little River Business District. This lot offers the future development opportunity to recognize up to 18 units for attainable mixed income housing, with existing plans in the works. With the ability to net close to $30,000 annually without additional improvements, this property is best seen as a covered land play for a developer looking to take advantage of the strong redevelopment incentives the zoning affords in the future, while capitalizing on the in-place income for the short- term as the neighborhood continues to grow and thrive.
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