The subject property is a 1,635 SF home on a flat 7,499 SF lot. The zoning is LAR3 - Tier 3 TOC. Located just 0.2 Miles away from the Metro Red Line Station at Beverly and Vermont, tenants can benefit from the great location and numerous eateries nearby. The ownership has conceptual and architectural plans to build 19 units. Of the 19 proposed units, ten are to be 2 bedroom / 2 bathroom units and nine are to be 1 bedroom / 1 bathroom units. A savvy investor can also take advantage of the Red Line, focus on an Affordable Housing Project and forgo all parking requirements for the highest and best use of this land and potentially build 21 units.
