Investment opportunity for rental income property with redevelopment potential - two adjacent parcels with R8 zoning and 185ft of total frontage to be sold together - 4252 & 4254 Woods St. Combined acreage of approximately 1.55 acres. The R8 zoning stipulates a minimum of 8,000 sqft lot per dwelling and is intended for single and two-family dwellings. Similar nearby R8 lots have been redeveloped as HPR condos with ~50ft of frontage per lot. Developing in depth on the combined lots may unlock the potential for even more units - by acreage and zoning it could allow for as many as 8 duplex units. Long term tenants occupy each house. The purchaser has the option to terminate each lease by giving 60 days prior written notice. Long term tenants occupy each house. The purchaser has the option to terminate each lease by giving 60 days prior written notice.
Thank you for requesting a showing of this property. A representative will be in touch with you shortly to confirm the requested showing date and time. Please note that your appointment is not confirmed until someone contacts you.
This calculator is provided for informational purposes only by Burrow Services, Inc. You should not make any decisions based simply on the information provided. Values indicated are estimates and may not be accurate and are only to be used as a guide. This calculator should not be relied upon in any way as the sole source of information. Please consult your financial, tax or legal advisers for an accurate assessment of your mortgage payments and any advice relating to your personal circumstances.
Capstone Realty is powered by Burrow Services, Inc.