Description
These two lots are located in a redevelopment zone and are for sale as a package deal, and there are tons of opportunities for this investment. The current owner collects $8500 monthly in rent. Currently, two used car dealerships (2500/ 2500) and an autobody shop (3500) are on the land. With 10,000 square feet on one lot and 5,000 square feet on the adjacent lot, the city has approved the owner to build 40 two-bedroom units on the land! The current lease can be extended for 5 to 10 yrs and paid a year upfront! Bonus vacant lot across the street!
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0BEDS
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0.23ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
These two lots are located in a redevelopment zone and are for sale as a package deal, and there are tons of opportunities for this investment. The current owner collects $8500 monthly in rent. Currently, two used car dealerships (2500/ 2500) and an autobody shop (3500) are on the land. With 10,000 square feet on one lot and 5,000 square feet on the adjacent lot, the city has approved the owner to build 40 two-bedroom units on the land! The current lease can be extended for 5 to 10 yrs and paid a year upfront! Bonus vacant lot across the street!
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Data last updated 2023-06-07T06:47:16.647.