High Development Potential:NM Zoning: Offers flexibility in development options, allowing for up to 6 units (SFR, attached/detached, duplexes, triplexes, quadplexes). ADU Potential: According to the city the ability to add two ADUs 1000 a new ADU in place of the two units in the back (The current units are vacant and must be demolished) and 500 sqft added to the front 3 bedroom unit significantly increases the property’s income potential. Underpriced for a Quick Sale: This presents a potential for significant profit if the property is renovated and/or redeveloped. The approximately 2000 sq ft warehouse provides additional income potential or flexibility for future development plans. Plenty of Parking: Existing parking infrastructure reduces the need for additional development costs in this area. Currently separated structure exist which house one laundry room and storage rooms for the unkits.
Lechavarria@onthegorealestate.com