Income producing Redevelopment - Underline Twin Home Approved to build

Investment Overview

Prime redevelopment opportunity located along The Underline. The property consists of an existing income-producing single-family residence currently generating approximately $5,400 per month. The site is approved for redevelopment into two three-story townhomes, offering the potential for a luxury residential project in a highly desirable, transit-oriented location. The property is situated on a 5,200 SF lot and currently features an approximately 2,100 SF single-family home within the Natoma Park subdivision. The site benefits from favorable T5-R zoning, allowing up to 65 units per acre by right, and is located within a Transit-Oriented Development (TOD) boundary, which may allow for increased density and development intensity, subject to municipal approvals. This offering presents a covered land play with existing income while pursuing future redevelopment potential.

Investment Highlights

• Delivered with approved plans
• Seller Financing Available
• Covered land play
• Current GI $67,200.00
• “Seller to pay buyers rep commission”
• Plans for (2) twin homes.
• (2) 4 bed, 3.5 bath, double garage
• Natoma subdivision