|Above Ground SF||2000|
Lot size is 0.85 acre, (36,946 sq ft lot).
Zoning: R-10, which means 10 houses per acre. You can build 4-6 additional houses. Buyer to do more due diligence on this. We're not selling as developed lots, but you have that option. With some research we've done, you shouldn't have any problems building 4 houses there. It is up the the end buyer to find out more.
1. Fix and Flip. Comps are in the $560 range.
2. Buy and Hold . You could get $2600 in rent for the main house and $1400 for the basement. Get 7% Cap Rate.
3. Fix and rent while subdividing and build new homes.
Additional useful info:
Polygon Homes are building new town-homes On 132nd Street and Renton Ave and selling them in the $500K range.
On the SW Langston Rd and Lind Ave, which is about 0.25 mi away, new developments are selling in the $700K range.