Courtesy of: Ron Howard, RE/MAX Advantage Realty, sales@greatestmoves.com
Courtesy of: Ron Howard, RE/MAX Advantage Realty, sales@greatestmoves.com
$395,000
|
Other
|
$395,000
400-402 PITMAN PLACE *INVESTOR ALERT* Zoned for 6 dwelling units, this gutted and framed two-story End-of-Group offers numerous finishing options with significant upside equity for development in the Station North Arts District! The existing structure allows for 4 dwelling units: two 1 Bed / 1 Bath units on the first floor, two 2 Bed / 1 Bath units on the second floor. Two additional 2 Bed / 1 Bath units possible with 3rd floor 27x65 addition. Original zoning plan allowed for a mix of two ground floor commercial units boasting 92’ of road frontage and four upper-level dwelling units with a total proposed enclosed space of 4600+ SQFT. Potential gross rental income as a 6-unit of $140, 000. Ready for MEPs with an estimated 4-5 month timeline to completion as a 4-unit and 7-8 months as a 6-unit. Building permit, stamped drawings, site plans, residential change, and appraisal with a $1, 240, 000 completed valuation available upon request
Courtesy of: Ron Howard, RE/MAX Advantage Realty, sales@greatestmoves.com
Copyright © 2024 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.