Property Information:

Attention developers, rare opportunity. This unique opportunity presents a city lot currently available for purchase, featuring a residential dwelling in an "as-is" condition. Zoned as MR2, this property offers significant potential for various uses, particularly catering to multi-residential developments. Being over ¾ of an acre, whether you choose to build a 27 unit building with 4 bedrooms per unit or larger unit with less bedrooms, the city is open to working with you for density. This lot promises proximity to essential amenities and services, including Universities, uptown and downtown shopping, restaurants and walking trails. Currently has 4 active leases, tenants each pay $650/month. Leases will expire in June and August.If you choose to rent more rooms, that is a personal decision. This is being sold as land for development.*Property being sold "As Is, Where Is", so purchaser can decide what they want to do. *Tax & Assessments are from 2025.