Having trouble figuring out what to do with this zoning code
Zoning Code: Or20: Office/Residential (20 Units An Acre) | Multi-Ovly: Multi-Ovly
I have a property with this code. It is sitting on .17acres the lot dimensions are 50x156
Owner wants 100k which seems like a really good deal but just not sure.. Any advice?
where is the property located?
it looks like you have a great property for an HPR
Yeah I sure hope so the address is 300 Collier Ave. Nashville, TN 37211
just checked for comps in that area. there are no hprs within a 2 mile radius of your property on collier. There are new builds however they are only one structure, and at 100k purchase price that really doesn't make sense. Would it be a good rental?
I also checked rehab comps, you're looking at sub 150k for that property if the tax card is correct in the sqft and beds/baths
Hey guys--- trying to follow along, but don't understand how this fits in with Horizontal Property Regime?
Other question-- if it's only on .17 acre and the OR20 allows up to 20 units per acre, what can you do with it? From what I can see its a 2br/1ba home?
A quick glance at padmapper shows no 2/1 SFRs for rent in that area, just condos and apartments for about $900 per month.
Sorry if I am showing my ignorance here -- just trying to learn.
No @Tom Shepard
These are precisely the questions I'm hoping to get answers to.
It has been lived in by family members so they weren't getting any rent off of them. It is a 2/1 1200sqft SFR
Its the zoning code and the .17 acres that's throwing me for a loop fellas..just doesn't quite add up!
Or20 = 20 units per acre so 0.17 acres allows for 3 units. You may have to file an appeal to the zoning board for a 4th unit. Question: Is the dirt worth $100K?
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