Description
Prime Development Opportunity at 167 W Cumberland St! This RM1 zoned lot is perfectly positioned for development, allowing for the construction of a 3-story structure with 2 units by right. Currently raw land, this lot provides a blank canvas for your vision with no existing plans, offering endless possibilities for customization. Key features include the potential to build an egressed basement, maximizing space and functionality. Each unit has the potential to rent for $1700 per month, providing a strong rental income stream. With an average ARV of $535k+, this is a lucrative investment opportunity. Adjacent to an empty lot, this property ensures ample space for development. A reputable builder is available to provide a rough estimate on construction costs and is ready to engage in the build, ensuring a smooth and efficient process from start to finish. Don't miss out on this exceptional opportunity to invest in a rapidly developing area and capitalize on the strong rental market. Contact us today to learn more!
-
0BEDS
-
0.02ACRES
-
0BATHS
-
01/2 BATHS
Description
Prime Development Opportunity at 167 W Cumberland St! This RM1 zoned lot is perfectly positioned for development, allowing for the construction of a 3-story structure with 2 units by right. Currently raw land, this lot provides a blank canvas for your vision with no existing plans, offering endless possibilities for customization. Key features include the potential to build an egressed basement, maximizing space and functionality. Each unit has the potential to rent for $1700 per month, providing a strong rental income stream. With an average ARV of $535k+, this is a lucrative investment opportunity. Adjacent to an empty lot, this property ensures ample space for development. A reputable builder is available to provide a rough estimate on construction costs and is ready to engage in the build, ensuring a smooth and efficient process from start to finish. Don't miss out on this exceptional opportunity to invest in a rapidly developing area and capitalize on the strong rental market. Contact us today to learn more!
©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Benson and Mangold, LLC. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-09-15T12:51:12.543.