Description
A beautiful, statuesque property resting on a large gated lot in East Germantown. This property was previously used as a daycare center for many years. It is actually configured and designed for this purpose. However, since the daycare use has been discontinued for some time, the property zoning status has reverted to single-family (RM1). This presents a unique opportunity for either an estate home purchaser or an investor buyer. Option one is to renovate the property into a massive single-family home having 7+ large bedrooms and multiple bathrooms. Option two would be to acquire the property as-is, then pursue a zoning variance to redevelop the property into a 7-unit apartment building, having 7-parking spaces in the rear. This options is perhaps the most feasible and lucrative use of the property. In fact, multifamily is the most demanded property type in the immediate area. Without a doubt, an investor will likely hit a home run with this project. The seller is a very savvy businesswoman who is also very motivated. Don't let this wonderful and profitable opportunity pass!
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0BEDS
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0.26ACRES
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0BATHS
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01/2 BATHS
Description
A beautiful, statuesque property resting on a large gated lot in East Germantown. This property was previously used as a daycare center for many years. It is actually configured and designed for this purpose. However, since the daycare use has been discontinued for some time, the property zoning status has reverted to single-family (RM1). This presents a unique opportunity for either an estate home purchaser or an investor buyer. Option one is to renovate the property into a massive single-family home having 7+ large bedrooms and multiple bathrooms. Option two would be to acquire the property as-is, then pursue a zoning variance to redevelop the property into a 7-unit apartment building, having 7-parking spaces in the rear. This options is perhaps the most feasible and lucrative use of the property. In fact, multifamily is the most demanded property type in the immediate area. Without a doubt, an investor will likely hit a home run with this project. The seller is a very savvy businesswoman who is also very motivated. Don't let this wonderful and profitable opportunity pass!
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