All Investors wanting to build this is a great buy. This almost 4 acres is a great location and is open for almost anything, single family homes, Multi Family, commercial, most animals are allowed. Horses, chickens, goats, etc. This land comes with engineered plans, permits, and has already been approved by the city and county for 24 units (12 duplexes) to be built. the lot is zoned multi family and/or commercial. This property can be owner financed/assumed with 80k down and all closing cost. You would also take over the notes on the property. 1st note is a loan of about 220k left on the note. 30year @ 10% interest. with about 28yrs left on the note. No early payoff fees for early payoff. 2nd note is about 30k lone @ 10% interest for one year. This loan may be amortized for any length of time But will need to be paid off within at the end of 1 year from closing.
Courtesy of Exit Heart Of Texas Realty
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