Opportunity knocks! The home is in need of some work as you will see upon entering, but it has potential for many things. Situated on an oversized corner lot with water views from three sides, this property offers room to add 2+ levels, as zoning laws allow building up to 45 feet. Zoned R-3 for multi-family and residential. Approved variances are in hand, including a variance for a second and third floor cantilever, making expansion plans even more attainable. Variance for an auxiliary dwelling unit (ADU) also in hand. If necessary, the current owner is open to a joint venture to see the project through to the finish line. Ideal for an investor looking to make a profit or someone looking to build a primary residence, a vacation getaway, an investment opportunity—or all of the above!
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Listing Snapshot
Price
$557,500
Days On Site
1504 Days
Bedrooms
3
Inside Area (SqFt)
2,000 sqft
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
0.11 Acres
Year Built
1958
MLS® Number
MDWO2009464
Status
Active
Property Tax
$1,903
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
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