253 DOROTHY Street Unit #R1, High Point, NC 27262

$99,000
List Price
$99,000
MLS#
1019166
Status
ACTIVE
Type
Land
Lot Size
348,480

Property Description

This exceptional 8-acre lot in the heart of High Point, North Carolina represents an exciting opportunity for rental property entrepreneurs. Zoned RM-16 Multi-family, this lovely space in Guilford County will accommodate 16 units per acre—that’s a generous total of 128 allowable living units. It’s the perfect spot for an apartment complex in one of the most sought-after, growing residential communities in the entire state. The property itself is exceedingly lovely, lushly treed. The lot has city water, sewer, and electricity available. It is nearly ready to be transformed into the rental property of your dreams, but one thing it does not have yet is access, so a survey/easement will still be needed. It’s important to point out that this aspect is an incredible advantage for a savvy buyer. The fact that this detail has yet to be taken care of is reflected in its pricing.

Additional Information

Acres
8
Elementary School
Oak Hill
Environmental Hazards
No
Fencing
No Fencing
High School
High Point Central
Land Description
Land Locked - No Easement
Lot Dimensions
400x700x500x710
Lot Size
348,480
Middle School
Ferndale
Miscellaneous
No Access - Land Locked
Sewer
Public
Show Street Address
Yes
Unit Number
R1
Water
Public
Wooded Acres
8

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Sell Your Home Services LLC.