Property Description for 20-24 MAIN STREET N
Attention All Investors & Developers!! You have two options with this property: (1) keep this as a cash flowing 4-plex investment property; or (2) apply to build 6 or 7 townhouses on this site. Amazing Opportunity To Own A Large Fully Tenanted 4-Plex On A Huge 142Ft X 132Ft Lot Steps To Historic Downtown Georgetown! This Is A Very Lucrative Opportunity With Excellent Income And Huge Development Potential!!Legal Non-Conforming Status. Separately Metered Hydro W/ Separate Entrance To Each Unit. Projected revenue of $100,800 per year. For Sale at a 5.19% Cap Rate. Property can be VACANT ON CLOSING. Contact the Listing Agent for the property's financial statements and more information regarding possible re-zoning & development of this property. **** EXTRAS **** Two furnaces, 1 unit is heated with electric baseboards. (id:38686)
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Property Details
Property Tax
: $5,552MLS® #
: W10410272
Home Features
Property Type
: Single Family
Interior Features
Heating
: Forced air, Natural gasBasement
: Unfinished, Separate entrance, N/A
Utilities
Sewer
: Sanitary sewer
Other
Parking Features
: Detached GarageExterior Features
: Aluminum siding
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