Investment opportunity for rental income property with redevelopment potential - two adjacent parcels with R8 zoning and 185ft of total frontage to be sold together - 4252 & 4254 Woods St.
Combined acreage of approximately 1. 55 acres. The R8 zoning stipulates a minimum of 8, 000 sqft lot per dwelling and is intended for single and two- family dwellings. Similar nearby R8 lots have been redeveloped as HPR condos with ~ 50ft of frontage per lot.
Long term tenants occupy each house. The purchaser has the option to terminate each lease by giving 60 days prior written notice.
From I-40 in Nashville, head east and take Exit 221B for Old Hickory Boulevard. Turn left onto Old Hickory Blvd and continue northeast through Hermitage. Take a right on 4th St, the properties will be at the intersection with Woods St.