
Description
Rare opportunity to acquire a fully entitled and shovel ready 20 unit development along Broadway and Evans. The proposed plans include 13,145 of buildable square footage between three stories plus a rooftop deck. The plans call for predominantly 1 bedroom units that range between 450 square feet to 727 square feet. The seller's will close upon a receivinga permit. This is an excellent opportunity to put a shovel in the ground day 1 and not be burdened by expensive interest carry. Currently the property is a duplex with tenants in each unit. The lease specifies that landlordmay terminate the lease with a 60 day notice at any point. Please reach out to the listing broker for a full plan and due diligence set.
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0BEDS
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0.14ACRES
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0BATHS
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01/2 BATHS
Description
Rare opportunity to acquire a fully entitled and shovel ready 20 unit development along Broadway and Evans. The proposed plans include 13,145 of buildable square footage between three stories plus a rooftop deck. The plans call for predominantly 1 bedroom units that range between 450 square feet to 727 square feet. The seller's will close upon a receivinga permit. This is an excellent opportunity to put a shovel in the ground day 1 and not be burdened by expensive interest carry. Currently the property is a duplex with tenants in each unit. The lease specifies that landlordmay terminate the lease with a 60 day notice at any point. Please reach out to the listing broker for a full plan and due diligence set.
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