1049 Government Street

Offered at: $897,000

MLS®: 10318482

New multi-unit zoning with future approval for even higher density. This exceptional property presents an incredible opportunity for savvy investors and developers seeking a strategic investment in a thriving neighborhood. With its vintage charm, generous property and mountain views, this 4 bedroom, 2 bath clean and functional home can be an income-generating asset as a holding property while finalizing plans to capitalize on its potential. Future residents will enjoy the convenience of being just moments away from beach, schools, parks, restaurants and shops, enhancing the overall attractiveness of your future development. With the City's focus on rezoning and densification, there are several structural opportunities that can be built on this lot. Entire lot is fully fenced and has 2 access points from the front and the lane way. Several fruit trees also outline this expansive property. Vacant, quick possession available. (id:6769)