4902 Merritt DR

Details

HUGE OPPORTUNITY! Value is in the land and current in-place zoning. Keep generating rental income while planning your redevelopment project. Must see this huge investment opportunity with current generated rental income around $5,200 a month, with a potential income growth to $5,500-$6,000 with some remodel work and or convert existing two-bedroom/one-bath units to three-bedroom/two-bath units using the existing extra land on the back of the Fourplex. With the current zoning in place LR-MU-NP, think of the tremendous redevelopment opportunities and value of owning your own SOCO lofts with mixed use retail shops on the ground floor with stack condos above! Also perfect location for gated commercial building with endless possibilities! Also selling the Fourplex next door(4900/4902). Zoned LR-MU-NP. Future land uses picture professional or medical office, food sales, convenience store, general retail sales, manicure pedicure shop, pet services, restaurant (Limited) etc. The total land for both lots is approximately .6957 total acres. Roof replaced under warranty. All information provided is deemed reliable but is not guaranteed and should be independently verified.