CALLING ALL INVESTORS! This unique property is currently a 101-year old bungalow with a detached garage with an apartment upstairs as well as a basement with a bedroom, bath and den as well as a 2/2 on the main floor HOWEVER - this property is a double lot and the greatest and best use would be to build 8-10 townhomes instead as there are townhomes across the street! Putting in 1500-1700. sf townhomes and selling them for $400-500K estimate would be over $2M AFTER expenses allowing $300K for knockdown and rezone! The lot is deeded as a double lot and would need to be rezoned from RS-50 or you can build a second duplex on the back property as well. LOTS of potential and can be built in stages and have a rental income while building on the back lot as well. Not located in an evacuation zone! ALSO a picnic shelter with brick barbque on the property as well. The existing structures have new plumbing, new electrical, new a/c heat pump, whole house water filtration, a newer metal roof and solar too!
Financial Considerations
Price:
$524,900
HOA Fee:
N/A
Tax Amount:
$3132.41
Price per SqFt:
$187.46
Tax Legal Description:
SULPHUR SPRINGS LOTS 4 AND 5 INCL AND CLOSED ALLEY ABUTTING SAID LOTS BLOCK 51
Exterior Features
Lot Size:
10000
Lot Features:
Corner Lot, City Limits, Landscaped, Oversized Lot, Private, Paved
Waterfront:
No
Parking Spaces:
N/A
Parking:
Covered, Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Off Street, Open, Parking Pad, RV Parking, Workshop in Garage
Roof:
Metal
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
4
Bathrooms:
4
Heating:
Central, Electric, Space Heater, Wall Units / Window Unit
Cooling:
Central Air, Wall/Window Unit(s)
Appliances:
Convection Oven, Dryer, Microwave, Range, Refrigerator, Washer, Water Filtration System