This is a very exciting, and potentially a very profitable offering, with an extremely low per-unit development cost. Currently this parcel consists of two existing duplexes built in 2015, as well as the potential to develop an "Open Space Conservation/Cluster Development" as allowed in the town of Middleton Zoning Regulations/Article 10. There is a lot line adjustment currently pending which will increase the size of Map 22/Lot 5 from 5.1 acres to approx. 9 acres; and a preliminary meeting with the Planning Board indicated the possibility of a minimum of 10 additional units seemed feasible depending on whether a common septic and a common well were installed vs. individual septic systems and wells. The maximum density shall be determined by State and Town site loading regulations for sewage disposal systems. There is no minimum parcel lot size except as required by the State to accommodate sewage disposal systems and lot sizes may vary based on soil capability to accommodate sewage systems as determined by State and Town Regs. The town may consider single family homes, duplexes, quadplexes, etc. All the units are fully rented and were constructed with high end finish: granite kitchens, tile baths, hardwood and tile flooring. Tenants pay their own utilities.
Bill Ryan, Keller Williams Lakes & Mountains Realty.
Copyright 2019 New England Real Estate Network, Inc. All rights reserved. This information is deemed reliable, but not guaranteed.
The data relating to real estate displayed on this site comes in part from the IDX Program of NEREN. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Listing information last updated on May 19th, 2019 at 8:22am EDT.