This impeccable and never developed land is in an ideal location for any developer's needs in Asheville. It is zoned RM-16 (32 units or more). The sewer lines require a written easement from the City, owner of 29 Oak Hill. MSD estimates are attached to the MLS. Total cost $240,000 for sewer upgrades (See attached Costs per MSD). The combined costs of sewer and land come to $13,200 per unit for multi family (with minimum approved 32 units). However, this cost may be reduced. Marketability Study attached in MLS. 6" water lines and underground utilities are available along the paved frontage. The City and MSD are very supportive of affordable housing projects-and this property meets all mandates. Another option for builders that just want to use septic: This could also be a very profitable eco-village with room for 4-5 multifamily town homes. The potential gross income could be based on 6 occupants in each (4-5 total) 3 bedroom multi-family town homes..
City Sewer, Electricity, Cable, Telephone, Underground
|Price Reduced from $249,900 to $185,000|
Keller Williams Elite Realty.
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Listing information last updated on July 23rd, 2019 at 1:28pm EDT.