Eric Pace
This listing was posted on RealtyWW.
$450,000
Flat For Sale In Merrillville, Indiana
Price:
$450,000
BR/BA:
7 BR, 4 BA
Location:
7701-7707 Taft, Merrillville, IN
Description:
3homes on 9.84acres. Check zoning with town of Merrillville but what I see is C2 in front, so Stripmall or retail in front. Lot goes a quarter mile back so over 1300' feet back. Rear is zoned R5 good for multi-unit not much of a stretch from a PUD which would allow retirement villiage, 200+/- unit apartment complex or condo development. Don't want to develop? well then, resurvey the property, sell 2 of the 3 homes and get your money back then do a market repackage of the rest with a conceptual drawing showing a good size condo development for a quick return on the investment One block away to the north is Brookstone Estates'' phase 1 was built around the year 2000 and is about the same size as this property was originally zoned R5. Brookstone Phase 1 consist of 120 units valued around $165k a piece currently. Now, Brookstone phase 2 is underway and has brand new units starting at $369k per unit. Can you imagine 120+ condo's at $369k a piece? There is money to be madeFor more details: https://realtyww.info/flats_merrillville-d525623/for-sale_i71880383
Property Type:
Other Housing for Sale
Posted:
May 16 on RealtyWW
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More About this Listing: Flat For Sale In Merrillville, Indiana
Flat For Sale In Merrillville, Indiana is a Seven Bedroom 4.5 Bath Other Real Estate for Sale at 7701-7707 Taft in Merrillville IN. Find other listings like Flat For Sale In Merrillville, Indiana and listings near 7701-7707 Taft by searching Oodle Classifieds for Seven Bedroom 4.5 Bath Other Real Estate for Sale in Merrillville IN.
Flat For Sale In Merrillville, Indiana is a Seven Bedroom 4.5 Bath Other Real Estate for Sale at 7701-7707 Taft in Merrillville IN. Find other listings like Flat For Sale In Merrillville, Indiana and listings near 7701-7707 Taft by searching Oodle Classifieds for Seven Bedroom 4.5 Bath Other Real Estate for Sale in Merrillville IN.