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.
Listed By
Agency Name: WEICHERT, REALTORS - The Andrews Group
Agency Phone: 6153833142
Shown By
Agency Title: ExCEL Real Estate & Development Co.
Agency Phone: 615-256-6566
Estimated Payment
$ 2,104.59 per month $1,669.17 Principal & Interest $216.67 Property Tax $218.75 Homeowner's Insurance
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.excelredtn.com today.