Property Detail

Description

Rare value-add multifamily opportunity in the heart of Hillcrest. This 5-unit property sits on an approx. 6,900 SF lot with alley access and garages and features five detached structures (one front residence plus four bungalow units). The project is substantially complete, offering investors the ability to finish remaining improvements, lease up, and stabilize at an attractive basis with strong upside. Zoned RM-3-9 and located within the Complete Communities Tier 2 Overlay, Transit Priority Area, Sustainable Development Area, and Mobility Zone 2, allowing for future density and redevelopment potential. Bring all ideas and Creative financing.Zone: RM 3-9 Lot size: 6313 sq. ft. Max density: 1 / 600 Max number of dwelling units: 10 Front yard setback: 10’/20’ (min & std) Interior side yard setback: 5’ Rear yard setback: 5’ Max structure height: 60’ Max floor area ratio: 2.7 Maximum floor area: 17,045 sq. ft. Historical Review complete and deemed non- historical