Right in the lovely, walkable, 10’ish-minutes-from-town-&-universities 💗 of Brighton Heights (really, it’s right in the middle!):
Right off of California Avenue.
- Nearly rectangular; dimensions: 25.00’ x 101.67’ x 28.33’ x 114.17’
- Pretty flat, generally maintained.
Walk to buslines, coffee, entertainment, groceries, bars, parks, etc.….all Brighton Heights has.
Home values on ~1.3-mile-long McClure Avenue can get pretty wild; if you build, average larger home value in the immediate area (ie, on the same street!) is >$200k; $156k median overall:
Lots:
One option to *perhaps* ponder is to build a parking structure only & rent to the homeowners/tenants that otherwise are limited to street-parking (if city permits); calculated that CAP at a 2-car / 20’-24’ garage build of $20k, slightly higher on the taxes, adding some insurance, & market garage rent of $100-$125/space to be 10→12%.
**you can also try to buy adj. parcel# 0075-H-00030 if you can track down the owner/ legatee/city to have a large double lot to build a larger SFR, multifamily, or parking pad/garage(s).
- Taxes: $23
- Electric: Available
- Plumbing: Available
- Parking: On-street or build some
- Rental Potential: $1,425/mo post-3BR-rebuild