Description
Broker feasibility studies have been completed for these parcels. The city planner agreed that a developer could put a 3 story, 36 unit building on this property by right. If you charge $1100 per unit, per month(for studios) that would be gross rents received of $39,600 dollars per month or $475,200 dollars per year. Use financing to lower your effective tax rate with cost recovery and interest write offs. This property is easy walking distance to all of the shopping on the south end of Hendersonville with options like Publix, The Fresh Market, Walgreens, Ingles and Harris Teeter. This location will be extremely popular with tenants and will be easy to maintain high occupancy rates. Develop this project and increase your income, build equity and grow your net worth. This is the path to becoming wealthy. Property has house, with several bedrooms and bathrooms, that could be used as office and storage during construction
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0BEDS
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0.68ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Offered by Nai Allen Tate Beverly-Hanks Commercial: 828-210-3940. Copyright 2023 Canopy MLS. All rights reserved.Description
Broker feasibility studies have been completed for these parcels. The city planner agreed that a developer could put a 3 story, 36 unit building on this property by right. If you charge $1100 per unit, per month(for studios) that would be gross rents received of $39,600 dollars per month or $475,200 dollars per year. Use financing to lower your effective tax rate with cost recovery and interest write offs. This property is easy walking distance to all of the shopping on the south end of Hendersonville with options like Publix, The Fresh Market, Walgreens, Ingles and Harris Teeter. This location will be extremely popular with tenants and will be easy to maintain high occupancy rates. Develop this project and increase your income, build equity and grow your net worth. This is the path to becoming wealthy. Property has house, with several bedrooms and bathrooms, that could be used as office and storage during construction
Based on information submitted to the MLS GRID as of 2023-06-02T23:33:29.657 UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.The data relating to real estate on this Web site derive in part from the Canopy MLS IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither LePage Johnson Realty Group, LLC | eXp Realty nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2023 Canopy MLS.
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