Description
APPROVED 14 unit CONDO development in Glen Rock! Former warehouse has been through 2 years of permissions and approvals for all variances and development processes to create the 14 unit 55 plus Condos. Elevations, Survey, DEP and township approvals are all in place. The only compliance point left is engineering if you are adding the third floor. This project is in the township and includes all parking onsite as well as 1200 amp 3 phase power(still in operation), public sewer and water as well as dedicated stormwater management. Next to the rail trail, it is an established, peaceful spot just 5 minutes from Shrewsbury and 30 minutes from Hunt Valley. HUGE spaces and naturally lit, the condos are 1200ft, 3 bd average. ALL are ADA accessible. projected sales points are 225k to 265k with a gross end income of 3.1m to 3.7m. Buildout at 1.2m plus purchase.. ROI 2m plus lifetime condo fees. ALL docs in hand for your review.
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0BEDS
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1.93ACRES
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0BATHS
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01/2 BATHS
Description
APPROVED 14 unit CONDO development in Glen Rock! Former warehouse has been through 2 years of permissions and approvals for all variances and development processes to create the 14 unit 55 plus Condos. Elevations, Survey, DEP and township approvals are all in place. The only compliance point left is engineering if you are adding the third floor. This project is in the township and includes all parking onsite as well as 1200 amp 3 phase power(still in operation), public sewer and water as well as dedicated stormwater management. Next to the rail trail, it is an established, peaceful spot just 5 minutes from Shrewsbury and 30 minutes from Hunt Valley. HUGE spaces and naturally lit, the condos are 1200ft, 3 bd average. ALL are ADA accessible. projected sales points are 225k to 265k with a gross end income of 3.1m to 3.7m. Buildout at 1.2m plus purchase.. ROI 2m plus lifetime condo fees. ALL docs in hand for your review.
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