Overview

Description

Additional Price Reduction on an Approved Development Opportunity on 5.1 Acres zoned PRD (Planned Residential Development) for 29 townhomes. The new price is $289,000 which is $9,900+ a lot! Plus, owner financing is available.
This is an infill project in a great location.
The current owners have already achieved unappealable rezoning and are providing all development materials created to date for this project including approved site plans.
Creek’s Edge has all utilities located within property boundaries.
In addition, garages could be added to the project for each townhome without having to go back to planning and zoning or metro development. Owner says you simply submit the plan adding garages when obtaining construction permit.
This is an incredible development opportunity for much needed housing with construction able to begin quickly.
This is also a great "buy and hold" opportunity. The 2023 property taxes are only $460.27. The development plan has been extended through December of 2025 and remains good for another two plus years.



Located at the intersection of Applegate Lane and Rochelle Road, just East of Smyrna Parkway.

Highlights

• Approved Development Opportunity for 29 townhomes
• Price Reduced
• Owner Financing Available
• 5.13 Acres
• Zoned PRD (Planned Residential Development)
• Approved site plans
• All utilities located within property boundaries

Documents

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