Description
FANATSTIC DEVELOPMENT OPPORTUNITY IN THE SLOANS LAKE/EDGEWATER AREA!!! This lot is in the heart of re-development of the Sloans Lake and Edgewater area. Lakewood zoning R-MF, allowing for multiple units with a 45 foot height restriction. This area is a prime location, walking distance from Sloans Lake, Light Rail, and Edgewater shops and restaurants. Downtown is minutes away. This is an opportunity to re-develop close to Sloans Lake on the lowest priced multi-family site in the area. The current structure is a well-maintained house currently rented on a short term lease for $3000/month. This existing cash flow and a flexible tenant occupancy creates a bonus level of income during approval for future development. NOTE: 1571 SHERIDAN A 1/3 ACRE LOT TO THE EAST OF THIS LISTING JUST CAME ON THE MARKET. COMBINING THESE TWO LOTS WOULD CREAT THE POSSIBILITY OF A LARGER MULTI-FAM DEVELOPMENT AND GREAT ECONOMIES OF SCALE IN THIS FANTASTIC AREA. SEE LISTING #8166439.
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0BEDS
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0.15ACRES
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0BATHS
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01/2 BATHS
Offered by Your Castle Realty Llc.Description
FANATSTIC DEVELOPMENT OPPORTUNITY IN THE SLOANS LAKE/EDGEWATER AREA!!! This lot is in the heart of re-development of the Sloans Lake and Edgewater area. Lakewood zoning R-MF, allowing for multiple units with a 45 foot height restriction. This area is a prime location, walking distance from Sloans Lake, Light Rail, and Edgewater shops and restaurants. Downtown is minutes away. This is an opportunity to re-develop close to Sloans Lake on the lowest priced multi-family site in the area. The current structure is a well-maintained house currently rented on a short term lease for $3000/month. This existing cash flow and a flexible tenant occupancy creates a bonus level of income during approval for future development. NOTE: 1571 SHERIDAN A 1/3 ACRE LOT TO THE EAST OF THIS LISTING JUST CAME ON THE MARKET. COMBINING THESE TWO LOTS WOULD CREAT THE POSSIBILITY OF A LARGER MULTI-FAM DEVELOPMENT AND GREAT ECONOMIES OF SCALE IN THIS FANTASTIC AREA. SEE LISTING #8166439.
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