Multifamily Lot - Mid Project - Investment

Vacant Land for Sale
Catylist Listing ID: 30729648
Property Subtypes: Multi-Family
Gross Land Area: 7,100 SF
Sale Price: $159,900
Unit Price: $22.52 PSF
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/20/2021

Overview / Comments

Multi-family build opportunity currently mid-project and ready for an investor to complete.

Previously, a converted 4 plex rested on the lot. The current owner has demoed that structure and has completed the following:

-Architectural, Plumbing, Electrical, HVAC, and Fire Suppression design.
-Footings, stem walls, and connection to water and sewer are completed.
-Impact fees are paid.
-All designs approved by COL Building and Safety.
-Building Permit and Fire Suppression Permit are both issued.
-Plumbing Permit issued for completed work.
-No permits issued yet for electrical or HVAC.

-Stem wall by Stephens and Smith.
-Plumbing by Mark's Plumbing.
-Fire Suppression design by Meininger Fire Protection.
-Architectural design by Studio 951.

**Four-stall garage still remains**

Financials

Finance Data Year 2021
Real Estate Taxes - Annual($) $2,532 (Annual)

Additional Details

Nearest MSA: Lincoln
County: Lancaster
Tax ID/APN: 1025306006000
Zoning: R7
Property Visibility: Good
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 22,354 119,336 249,033
Median Age: 30.32 31.27 34.3
Households: 10,822 47,750 99,928

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