Investment opportunity for rental income property with redevelopment potential - two adjacent parcels with R8 zoning and 185ft of total frontage to be sold together - 4252 & 4254 Woods St. Combined acreage of approximately 1.55 acres. The R8 zoning stipulates a minimum of 8,000 sqft lot per dwelling and is intended for single and two-family dwellings. Similar nearby R8 lots have been redeveloped as HPR condos with ~50ft of frontage per lot. Developing in depth on the combined lots may unlock the potential for even more units - by acreage and zoning it could allow for as many as 8 duplex units.Long term tenants occupy each house. The purchaser has the option to terminate each lease by giving 60 days prior written notice.Long term tenants occupy each house. The purchaser has the option to terminate each lease by giving 60 days prior written notice.
Listed By
Agency Name: WEICHERT, REALTORS - The Andrews Group
Agency Phone: 6153833142
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 2,104.59 per month $1,669.17 Principal & Interest $216.67 Property Tax $218.75 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 3,200+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
4252 Woods St | MLS# 3078794
This single family home located at 4252 Woods St , Old Hickory, TN 37138 is currently listed for sale with an asking price of $750,000. This property was built in 1965 and has 3 bedrooms and 1 full baths with 1008 sq. ft. Woods St is located in the Berryville subdivision. Search Berryville real estate on www.clhomes.com today.