Exceptional Infill Development Opportunity! Rare, RMF-24 zoned property featuring a level site with excellent redevelopment potential in one of the area's most desirable growth corridors. The property includes two income-producing homes and a shop, allowing investors to generate rental income and offset carrying costs during planning, design, and city approval. Previous development concepts demonstrated the potential for up to 37 multifamily units. The layout is ideally suited for townhomes, brownstones, or multifamily development with frontage on both Ernie Jacks and Garland. The south property line borders the Razorback Greenway Trail, while the property backs to the UofA Research Farm which creates a unique setting with lasting open-space views. Opportunities to acquire a large & level income-producing RMF-24 infill tract in this location are exceptionally rare. Ideal for developers seeking their next signature project. See MLS #'s 1353695 & 1353699
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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