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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
Location
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Based on information submitted to the MLS GRID as of "Updated" date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website Updated: 1st December, 2023 12:55 AM (UTC)
Based on information submitted to the MLS GRID as of "Updated" date listed below. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website Updated: 1st December, 2023 12:55 AM (UTC)
Listing Office: NAI Allen Tate Beverly-Hanks Commercial
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