403 Lytton Street, Troutman, NC 28166

$895,000

Listing courtesy of Ronald Scott Properties Inc

List Price
$895,000
MLS#
4028891
Status
ACTIVE
Days on Market
289
Property Type
Land
Price Change
▲ $45,000 1683764377
Lot Size
163,785
Lot Size Area
3.76
County
Iredell
Special Conditions
None

Property Description

Developers, Builders, Investors must see: Site Ready, Engineered and Approved by the Town of Troutman for Building 24 Townhomes in the center of town with easy walkability to everything! This site plan is fully engineered and approved by the Town of Troutman (exceptions: waiting for water and sewer DEQ connection approvals). Buyer could probably move dirt and begin development within 60 days of purchase. Licensed NC Broker/Seller developed 6 rental townhomes on adjacent property that are fully rented with low vacancy rates, rent growth and increased residential sale values. New Buyer/Owner could do the same with 24 townhomes. This is a great location near the drug store, ABC store, Grocery, Town Hall, park, coffee shops, many restaurants, Lake Norman State Park and a winery. The elevation plans could be modified with town staff approval if similar in design and 24 units or less. Owner/Broker can email site plan/elevation drawings as they are too large to attach.

Additional Information

Water
City, Tap Fee Required
Sewer
Public Sewer, Tap Fee Required
Elementary School
Troutman
Middle School
Troutman
High School
South Iredell
Zoning
CB

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

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