Description
DEVELOPMENT OPPORTUNITY. APPROVED PLANS FOR 3 SEMI-DETACHED BUILDINGS WITH 1 ACCESSORY DWELLING UNIT IN BOTH 4404 LEE AND MINNESOTA AVE BUILDING. $300,000 POTENTIAL EQUITY. Tax ID lots (0868, 0869) to build on a with a semi-complete structure already on 4404 Lee St NE Lot 0868. This 2 unit structure is 50% complete with accessory dwelling unit (1 BR/1Bath) permitted for ground level unit in 4404 Lee and 4404 1/2 Lee (estimated rental income of $2,000/month) This is a fantastic opportunity for a local small developer or investor to make their mark in up and coming Deanwood. Rent out both units while developing 4404 1/2 Lee St and the Minnesota Ave plot connected to back of property included in this deal!! This is a great development opportunity with approved zoning and approved plans. Don't miss out on a great investment opportunity. All plans and documents included Hold Harmless Agreement uploaded to MLS doc section
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6BEDS
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0.11ACRES
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4BATHS
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11/2 BATHS
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3,300SQFT
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$205$/SQFT
Description
DEVELOPMENT OPPORTUNITY. APPROVED PLANS FOR 3 SEMI-DETACHED BUILDINGS WITH 1 ACCESSORY DWELLING UNIT IN BOTH 4404 LEE AND MINNESOTA AVE BUILDING. $300,000 POTENTIAL EQUITY. Tax ID lots (0868, 0869) to build on a with a semi-complete structure already on 4404 Lee St NE Lot 0868. This 2 unit structure is 50% complete with accessory dwelling unit (1 BR/1Bath) permitted for ground level unit in 4404 Lee and 4404 1/2 Lee (estimated rental income of $2,000/month) This is a fantastic opportunity for a local small developer or investor to make their mark in up and coming Deanwood. Rent out both units while developing 4404 1/2 Lee St and the Minnesota Ave plot connected to back of property included in this deal!! This is a great development opportunity with approved zoning and approved plans. Don't miss out on a great investment opportunity. All plans and documents included Hold Harmless Agreement uploaded to MLS doc section
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