1.79-acre, 62,000 sq ft R5-zoned investment opportunity, ideal for multi-family redevelopment in a high-demand market! Previously the Copper Heights Assisted Living Facility, this vacant 2-story property with a basement is primed for transformation into multi-family housing, a hotel, or other versatile uses (subject to local regulations).Property Highlights:78 Units: 30 one-bedroom and 48 studio units, each with private bathrooms (tub/shower combo), plumbed for kitchenettes, and equipped with P-tech AC units. Spacious Common Areas: Main floor features an office and two large recreational/dining spaces, perfect for community living. Basement includes a kitchen with walk-in cooler and freezer. Energy Efficient: Recently repaired roof with solar panels for reduced energy costs. Flexible Design: Ideal for multi-family conversion or innovative reuse, with ongoing improvements enhancing value (price may adjust accordingly). Appraisal: Valued at $10,740,000 "as is," reflecting needed repairs. Financing: Seller may carry with a $3.5mm downpayment, offering flexible terms for qualified buyers. With confirmed R5 zoning and strong multi-family demand, this property is a rare find for investors or developers. Act now to capitalize on this prime redevelopment opportunity! For more details or to explore financing terms.