SMALL DEVELOPMENT OPPORTUNITY This property currently is a tax exempt property that needs extensive renovation, The owner will not sell, but is offering a below market, long-term lease to a leaseholder who had the capacity to renovate and create a very comfortable cash flow. Existing condition includes 2 apartments. There is potential for rezoning to a 2-fam. Leaseholder would be responsible for all permitting, renovation costs, insurance, and all utilities. Owners will offer a long term lease of between 10-20 years to allow recapture of renovation costs as well as profit. This is an unusual offering but the numbers work.
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.
