Multi-Family (2-4 Units)
Investors listen up! Extremely RARE opportunity!! Very unique property with a huge upside potential. This gem is currently 4 units. 2 units in the rear offer a good size 1 bed 1 bath each with their own private back yards. The front house is a large Victorian home. The bottom part offers a large 3 bed, 2 bath that is currently divided into 2 units. On the upper floor there are 4 legally permitted boarding rooms that share a bathroom allowing you to maximize on the income. BONUS: This lot has huge potential for development. It is zoned R4!!!. Preliminary research indicates the zoning allows for multifamily development. (buyer to investigate and rely on their own findings) Some newer buildings have already been developed in the area. This property is a hot commodity as the metro station is 10 steps away and a newly developed building sits 2 houses up the street. All the value is in the land and LOCATION. Go see it for yourself! Property needs TLC
† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.