Great opportunity to build a multi-family developement in an area that is in the process of being revitalized. This lot is sold with the adjacent 636 lot for $140,000 for both. The two lots total 25,000 sqft, or .57 acre.

One block away 238 luxury apartments are going up to absorb the demand for housing for an area that is recession proof with establishments such as the University of Nebraska Medical Center just a mile away. The 40 units just to the North are under contract for 2.2M. R7 zoning allows you to put up 20 units on this patch of land: "The R7 medium-density multiple-family residential district is intended to provide locations for medium-density multiple-family housing, in the approximate range of 40 dwelling units per acre. It provides for the integration of multiple-family housing with lower density housing types. In addition, the R7 district provides for the inclusion of limited office and commercial uses by special permit within principally residential developments, subject to specific standards governing land use intensity and compatibility. This allows for a mixture of compatible uses within appropriate neighborhoods. The R7 district applies to established neighborhoods where moderately high densities are appropriate, transitional areas between lower intensity and higher intensity uses, mixed use neighborhoods, and developing multiple-family areas." The 2 lots each have SFR's on them but are unlivable. With a small rehab they would be rentable until you are ready to build.

I am open to partnership and/or seller financing. **Agents Welcome. Add your fee on top of the list price.More