$500,000

GREAT OPPORTUNITY and just 1 block from Prescott's well known Mt. Vernon St. This property has approved plans for Multi-Family High Density within walking distance to Downtown Prescott. This property could be a great opportunity for college students or even a VRBO. The pictures speak a thousand words, see the re-drawn, pre-permitted concept plans for a fourplex and a 2 story detached garage. With the current home of 1 bedroom 1.5 bath and potential build you are only using 28% of the maximum 50% usage of this property. What could better than collecting a rental income from the existing home while you work through the development and permitting process of your next multi-family income investment? This quiet location is close to work, schools and downtown Prescott! It offers mature trees and native species with beautiful views of Thumb Butte to the West. You can build with the pre-permitting concept that is already City approved or develop your own strategy. Buyer to verify their own specific permitting. You have to see in person to put into perspective the potential. The Seller is requiring a drive-by before you schedule viewing the property in person.