Description
Recent significant price reduction. Motivated Seller!! Broker feasibility studies have been completed for these parcels. The city planner agreed that a developer could put a 3 story, 36 unit building on this property by right. If you charge $1100 per unit, per month(for studios) that would be gross rents received of $39,600 dollars per month or $475,200 dollars per year. Use financing to lower your effective tax rate with cost recovery and interest write offs. This property is easy walking distance to all of the shopping on the south end of Hendersonville with options like Publix, The Fresh Market, Walgreens, Ingles and Harris Teeter. This location will be extremely popular with tenants and will be easy to maintain high occupancy rates. Develop this project and increase your income, build equity and grow your net worth. This is the path to becoming wealthy. Property has house, with several bedrooms and bathrooms, that could be used as office and storage during construction
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0BEDS
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0.68ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Offered by Nai Allen Tate Beverly-Hanks Commercial: 828-210-3940. Copyright 2023 Canopy MLS. All rights reserved.Description
Recent significant price reduction. Motivated Seller!! Broker feasibility studies have been completed for these parcels. The city planner agreed that a developer could put a 3 story, 36 unit building on this property by right. If you charge $1100 per unit, per month(for studios) that would be gross rents received of $39,600 dollars per month or $475,200 dollars per year. Use financing to lower your effective tax rate with cost recovery and interest write offs. This property is easy walking distance to all of the shopping on the south end of Hendersonville with options like Publix, The Fresh Market, Walgreens, Ingles and Harris Teeter. This location will be extremely popular with tenants and will be easy to maintain high occupancy rates. Develop this project and increase your income, build equity and grow your net worth. This is the path to becoming wealthy. Property has house, with several bedrooms and bathrooms, that could be used as office and storage during construction
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