8311 LAKE MELENA WAY

Prime Central Location Just West of the Dale Mabry and Waters Ave Intersection. Great Investment Property or Redevelopment Site. This sale includes a connected parcel at 8418 N Grady Ave. The total acreage of both parcels is about 3.75 acres. This mixed use project currently offers 12 stilt frame 1 bed 1 bath residences fully occupied at between $700 - $850 a month situated around a small lake, a duplex fronting Grady Avenue consisting of a 2 bed 1 bath unit and a 1 bed 1 bath unit, and multiple small warehouses, all of which are currently occupied. This property is really a mixed use property with strong historical occupancy that has income from several sources, stilt homes, duplex, and small warehouses. In total, the property provides approximately $14,000 a month. Furthermore, the PD zoning will allow 40 Townhome units in a redevelopment concept. Cash offers only, interior showings only after accepted offer.