This vacant land, zoned RMD-A, measuring 150’x115′ offers you a chance to build 6-7 townhome units. Units can be held as rentals or sold off individually. Seller has architectural and structural engineering plans for 6 townhomes that fit this lot and will convey with the sale. City water and sewer available. Seller has 2 other parcels on this block for sale, totaling up to 14 townhomes that can be built (MLS#2032083 & 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 also 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 documents tab. 11.67% ROI in 1st year once built and 17% by Year 5.
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