Contiguous lots located in Richmond Heights currently zoned for Multi-Family. Total area for combined lots is 100 x 185 for a total of 18,500 s.f. (Each lot is 50 x 185). Per basic review of Richmond Heights code, it appears feasible to build 5 units on subject property. Property is currently priced for 6 units. However, owner is in the process of consolidating lots and obtaining a variance to build up to 8 units. Consolidated survey is provided as an attachment. One of the two lots currently has a house, which is rented month-to-month for $700, until builder determines to tear down for development. Tenant has occupied the house since 2010. Basic conceptual drawing of 8 unit building layout is provided as an attachment. List price is for this specific individual lot (7057 Mitchell Ave #A) only. Both multi-family zoned lots (including 7059 Mitchell Ave) must be purchased together. Each individual lot is priced at $67,500 each.
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