This parcel of land, zoned RMD-A, is your chance to build 6 townhomes to hold as rentals or sell off individually. Seller has architectural and structural engineering plans for the 6 townhomes, that will convey with the sale. Seller has already gotten the Administrative Deviation needed for on-street guest parking. This parcel is on the corner of Franklin and Dyal St. Lot measures 145’x88′. City sewer and water are available. Seller has 2 other parcels on this block for sale as well, totaling up to 14 townhomes that can be built (MLS#2032085 & 2032086). Properties are located in an up and coming area with close proximity to Historic Springfield, Phoenix Arts District, Downtown Jax, and the Sports & Entertainment District. Properties have a close one block walk to Edwards Park and newly built Emerald Trail, a pedestrian bike/walk-path that links parks around the city and urban core areas. Projected Pro Forma located in documents tab. 11% ROI 1st year once built, 17% ROI by year 5.
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