FOR SALE – Multifamily Development Opportunity
Property Overview:
An exceptional investment or development opportunity consisting of 2.62 acres of medium-density residential land, pre-approved for multifamily construction of up to 20 units. This parcel offers flexibility for immediate development or holding with income potential.
Key Features:
Zoning: Medium-Density Residential
Development Potential: Approved for up to 20 multifamily units
Existing Structure:
2,580 SF single-family home
Brand new roof recently installed
Ideal as a rental, onsite management office, or future redevelopment
Utilities: Existing connections in place with the current residence
Lot Size: 2.62 acres (approx. 114,127 square feet)
Highlights:
Significant development upside with existing site plan approvals
Desirable location for multifamily housing
Existing house provides interim use or immediate rental income
Potential for phased development