Exceptional Infill Development Opportunity! Rare, RMF-24 zoned property featuring a level site with excellent redevelopment potential in one of the area's most desirable growth corridors. The property includes two income-producing homes and a shop, allowing investors to generate rental income and offset carrying costs during planning, design, and city approval.… Read More Previous development concepts demonstrated the potential for up to 37 multifamily units. The layout is ideally suited for townhomes, brownstones, or multifamily development with frontage on both Ernie Jacks and Garland. The south property line borders the Razorback Greenway Trail, while the property backs to the UofA Research Farm which creates a unique setting with lasting open-space views. Opportunities to acquire a large & level income-producing RMF-24 infill tract in this location are exceptionally rare. Ideal for developers seeking their next signature project. See MLS #'s 1353695 & 1353699 Read Less
Courtesy of Thomas Mathias, Arkansas Associates Realty Inc 479-841-8802
Built in 1916, Living area: 3856.0, Levels: Two, Construction Materials: VinylSiding
Community
2 units in community, Biking, NearHospital, NearSchools, Park, Shopping, Sidewalks, TrailsPaths
Cooling
CentralAir
Exterior Features
ConcreteDriveway
Fence
Partial
Floors
Carpet, LuxuryVinylPlank, Tile
Foundation
Crawlspace, Slab
Heating
Central
Income
Gross Income: $45,600
Interior Features
None
Lot
1.58 acres, Dimensions: 105' x 650', CentralBusinessDistrict, CityLot, Level, NearPark
Parking
ParkingLot, Aggregate, Driveway
Roof
Architectural, Shingle
Taxes
Parcel Number: 765-05141-000, Annual Amount: $4,193, Tax Block: n/a, Legal Description: PT LOT 4 1.58 A. (105 X 650), Lot: 4, Zoning description: Multi Family
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