1621 6th Ave
- Development site ideal for multifamily
- Limited opportunity to purchase land near Uptown Marion.
Property Description
1.12-acre development site located along 6th Avenue in Uptown Marion, zoned UTR-2 (Urban Transition Residential 2). Concept plans illustrate a 20-unit executive-level multifamily project featuring 2-bed/2-bath units with attached garages. Additional units may be feasible depending on final site configuration. Contact listing agent for details. Market analysis estimates housing demand from 2022-2030 as follows: • Market Rate Rentals Needed: 595 units; • Shallow - Subsidy: 306 units; • Deep - Subsidy: 48 units
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $241,500 |
| Year Built: | 1890 |
| Lot Size: | 1.12 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout