Seller has Plans for 52 units for active seniors (55+). Each building has 6 units. All buildings are two stories. Can be condos or rentals. Very easy to build. There is shortage of these types of units as every year millions more become seniors. Rents are market rate for these units. Current lot size is 0.55 acres, however, the seller will be doing a lot line adjustment to increase the parcel size for this project to approx. 1.3 acres. Plans have been submitted to the city as a pre-application. City's comments are in the supplements. Seller can obtain the entitlements for an additional $100k. Seller open to a joint venture.
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