Investment opportunity for a rental income property with redevelopment potential. Two adjacent parcels at 4252 & 4254 Woods St, zoned R8, with 185 ft of combined frontage and approximately 1.55 acres total. Available for $575,000 for both parcels together, or $300,000 each if sold separately. 4254 Woods St is 1,234 sq ft. Long-term tenants currently occupy both homes. The purchaser has the option to terminate each lease by giving 60 days' prior written notice. R8 zoning requires a minimum of 8,000 sq ft per dwelling and permits single and two-family homes. Similar R8 lots nearby have been redeveloped into HPR condos with roughly 50 ft of frontage per lot. Developing the two parcels together, rather than separately, may unlock additional density: by acreage and zoning, the combined site could support as many as 8 duplex units.
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