Builable lot in Old Town. Great property with lots of potential
Located in the heart of Old Town, this property is currently
divided into 2 units. They are currently rented for $1,300.00 and
$1,350.00 per month. The leases are month to month. Options for the
property: 1. Keep the property rented for now and hold for long
term investment. 2. Build a new single family home. We have
drawings completed to tear down the existing house and build a four
level single family home. The plans will need to be updated for
code changes. The VAR has previously approved the demolition of
existing house and construction of new home but the approval has
expired so the VAR will have to approve again. Divide the unit into
condos. We already have the drawings completed for this. The legal
work still needs to be completed. My attorney has started the
process but has not completed it yet.
The manager has listed the unit size as 960 square feet.
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