Value in property is development potential. Highest and best use indicates development as two - Tri-Plex buildings featuring 3 bedroom/2 baths units would provide significant cash flow in today's tight rental market. Total gross rents could exceed $97,200/year. NOI is very high with limited debt burden and minimal operating expenses & maintenance associated with new buildings. Cost per unit for lot is $47,500. Potential for future capital appreciation is extremely high. Buy,develop,sell!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
