Investment Opportunity in the North End--Mixed Use
We first blogged about this property on Fort Street in December.The property is currently zoned R-3 ( 20 units per acre). Specs are:
• 2 bedroom / 1 bath
• 878’
• .10 Acre Lot
• Single car Garage
• Lot lines with zero clearance grandfathered in
• In historical district but NOT on register
• Offers incredible potential and longevity
Projected Uses
The current owner has researched a number of different options for this property and feels the most ideal use for this property would be to put a basement under the home for a cost (roughed in) of about $25,000.00. The basement would have one set of exterior stairs that lead to an entrance on each side for 2 studio units (commercial or residential). By doing this the integrity of the main home is preserved and the upper unit could continue to be used for residential or commercial.
There is cash flow opportunity. We have had a lot of interest in this home because of its outstanding North End location, proximity to downtown, hospitals, schools, shopping and nightlife.
You won't find a better buy at $249,900. Click here to learn more.
Labels: Downtown Boise, Mixed Use, Real Estate
Posted in Boise’s Best Real Estate by Leigh Wilson on Wednesday, January 31, 2007
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