About This Property
RARE, SHOVEL-READY MULTIFAMILY DEVELOPMENT OPPORTUNITY! Skip the lengthy planning and entitlement process and step into a project that is planned, approved, permitted, and ready to build. This property offers the opportunity to develop a brand-new 10-unit apartment project featuring ten 1-bedroom units, each designed with its own private laundry room, along with dedicated on-site parking for every unit. The property is being sold for LAND VALUE ONLY, and the existing residence is considered a tear-down to make way for the approved development. For a builder, developer, or investor looking to move quickly, much of the difficult upfront work has already been completed. With plans and permits in place, this is an opportunity to take an approved project and move directly toward construction of a thoughtfully designed 10-plex and future income-producing asset.
Listing Details
Property History
STR Investment Analysis
Permitted ZoneCost Segregation Tax Savings
Estimated first-year bonus depreciation savings
