Land with an approved site plan for 18 unit Apartment Complex. Construction plans will be included in the sale price. Plans are done, but need to be updated to 2015 code and then you can submit for building permit. Seller also has a $158,000 credit towards water connection fees, that can be purchased in addition to the list price. No attached or underground parking is required for this project, which will also reduce costs. Very similar units renting for $1300 per month. Projects out to be a 7.5% cap after estimated construction costs, land costs and units are leased.
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