$4,000,000
Active
25 Days Online
0 Beds0 Baths259,182 SQFT
Active

321 Larkin Springs Rd Madison, TN 37115

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This Property combined 3 Parcels of Raw Land ONLY ( MUL-A ZONING ) which has NO restrictions on building 70 separate units of NON OWNER OCCUPIED SHORT TERM RENTALS or STR's or you could build Apartments with this current zoning. The plans are fully approved by Metro for 70 units of Townhomes. PLUS there are 3 parcels to build single family homes that cannot be Short Term Rentals . For a Total of 73 units. (70 Townhomes and 3 single family homes )on all 3 parcels. We have all engineered drawings from Dale and Associates. We also have bids from our dirt and infrastructure contractors and bids to construct the vertical buildings. From those bids we feel the cost will be105k per build ready pads (built in 4 separate phases) that includes the land and infrastructure. #1 Phase is 17 Units. This is an extremely different kind of land because land zoned MUL-A is normally apartment developments. I would possibly consider a partnership/JV

  • Property TypeLand
  • NeighborhoodN/A
  • CountyDavidson
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site24 Days
  • MLS StatusActive
  • MLS ID Number2652338
  • Home Size Source Professional Measurement
  • Year BuiltN/A
  • Lot Size5.95 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Spaces 0
  • Acreage 5.95
  • Property Sub Type Unimproved Land
  • Zoning MUL-A
  • Parking Total 0

Exterior Features

  • Waterfront Property No

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Monthly Payment (Est.)

$21,354
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