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$ 449,000
Est. payment /mo
Active
3923 Lindley Ave Cincinnati, OH 45212
3 Beds
2 Baths
1,614 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,614 sqft
Price per Sqft $278
MLS Listing ID 11871192
Bedrooms 3
Full Baths 2
Annual Tax Amount $4,239
Lot Size 9,464 Sqft
Property Description
RARE RMX ZONED LAND! 10-Unit Dev Potential | 0.4mi to Xavier | Adjacent to UDF Corp HQ | AS-IS Description: ATTENTION INVESTORS, DEVELOPERS & CORPORATE ACQUISITIONS: This is a ground-up development opportunity or a strategic corporate assemblage play "but it also works as an immediate income-producing hold. Located just 0.4 miles from Xavier University and directly abutting United Dairy Farmers (UDF) cleared land, this 9,464 SF parcel offers one of the most valuable infill positions in Norwood. The Property: The existing home is in good condition and currently owner-occupied. It needs a few minor repairs (1-2 days of work) and is ready for immediate rental or occupancy while you evaluate your long-term options whether that's renovating, expanding, or assembling for a larger project. The house is currently set up as a single-family residence, but it was previously used as a two-family dwelling and may be converted back with proper approvals - perfect for investors looking to maximize rental income. Why this commands a premium: Zoning: RMX (Residential Mixed) allows for Single-Family, Two-Family, Three-Family, and Multi-Family (3+ units) by Conditional Use (CU). With a 35-ft height allowance, a density of 8-10 units is physically achievable based on the buildable footprint (buyer to verify with BZA). The "UDF Effect": The rear lot line directly touches UDF's corporate campus. With their HQ and factory across the street, this parcel is a prime candidate for a "plottage" buyout offering parking expansion, corporate buffers, or future campus growth. The Xavier Premium: 0.4 miles to campus creates massive "by-the-bedroom" rental demand, dramatically increasing your residual land value over standard single-family rents. Buildable Envelope: At approx. 38' wide X 116' deep, the building footprint is large enough to support a significant multifamily project or a luxury single-family home. Seller is motivated to create a win-win. All offers will be reviewed on July 31st at 5:00 PM. We will not be negotiating against ourselves. Bring your highest and best offer. For full due diligence packet (lot dimensions, zoning summary, buildable area calculation), please contact with proof of funds. Disclaimer: Sold as-is. Buyer to conduct full due diligence. Historical photos provided for reference only.
Location
State OH
County 39061
Rooms
Dining Room 0
Kitchen 0
Exterior
Parking Features Detached
Garage Spaces 2.0
Building
Story 3
Sewer Municipal
Water Municipal
Structure Type Masonry - Brick
Others
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5 W Mendenhall St, Bozeman, MT, 59715-3565, USA
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