Investment opportunity for rental income property with redevelopment potential - two adjacent parcels with R8 zoning and 185ft of total frontage to be sold together - 4252 & 4254 Woods St. Combined acreage of approximately 1.55 acres. The R8 zoning stipulates a minimum of 8,000 sqft lot per dwelling and is intended for single and two-family dwellings. Similar nearby R8 lots have been redeveloped as HPR condos with ~50ft of frontage per lot. Developing in depth on the combined lots may unlock the potential for even more units - by acreage and zoning it could allow for as many as 8 duplex units. Long term tenants occupy each house. The purchaser has the option to terminate each lease by giving 60 days prior written notice.
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3306 Governors Drive SW Huntsville AL 35805
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