shovel ready - 4 unit development with approved plans
This mix use approved project has a 1 bed, 2 beds and a commercial space, which a surrounding community center has expressed interest to lease. Build this revised project for under 600k and lease it out for over 75k per year. Seller can deliver the parcel with approved building permits.
Projected 11% Cap - $75,600 gross rent - estimated $900,000 ARV