Description
Opportunity awaits in this 1.61 acre tract just east of downtown. It is an Opportunity Zone making the development of this land available for tax credits, grants, and other forms of assistance for the addition of new affordable housing. The area is in the Lykins Neighborhood Association, which has guidelines for developments, and can provide some assistance to prospective developers. The seller would like to include this land with two other listings, one for the school and rectory at 934 Norton Ave, selling for $990,000, and the School at 4012 E. 12th St, selling for $400,000 including a vacant lot with parking. The cost of these listings if sold separately totals $1.66 million, for a single buyer there is a $100,000 discount. The minimum lot size for these parcels for a single family home is 2500 sq ft, lots can be combined to build multi-family, minimum lot size for 3-8 units is 4000 sq ft. Utilities present. Come bring your ideas, and help revitalize Kansas City, build equity, generate income, and enjoy tax benefits! Offered with MLS #2571500 & 2575051
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0BEDS
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1.61ACRES
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0BATHS
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01/2 BATHS
Description
Opportunity awaits in this 1.61 acre tract just east of downtown. It is an Opportunity Zone making the development of this land available for tax credits, grants, and other forms of assistance for the addition of new affordable housing. The area is in the Lykins Neighborhood Association, which has guidelines for developments, and can provide some assistance to prospective developers. The seller would like to include this land with two other listings, one for the school and rectory at 934 Norton Ave, selling for $990,000, and the School at 4012 E. 12th St, selling for $400,000 including a vacant lot with parking. The cost of these listings if sold separately totals $1.66 million, for a single buyer there is a $100,000 discount. The minimum lot size for these parcels for a single family home is 2500 sq ft, lots can be combined to build multi-family, minimum lot size for 3-8 units is 4000 sq ft. Utilities present. Come bring your ideas, and help revitalize Kansas City, build equity, generate income, and enjoy tax benefits! Offered with MLS #2571500 & 2575051
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