Affordable Housing? 55 and over condos? Huge apartment complex? Take your pick!A lack of rental properties in Montville and our area makes this a golden opportunity for a developer with vision. This property is in a rare r20m zone which allows up to 18 units per acre!. As a bonus there is already a 30x42 foundation that was to be a townhouse style duplex to get you started! The site is serviced by city sewer which is on the property. With this price and the density allowances your cost per unit can be minimized. You are encourage to do due diligence as I know you would to investigate the amount of uses as well as the amount of units allowed in this zone. Zoning info and maps are in the attachments. This can be the apartment complex that will pay dividends for years' to come.
Listed by Signature Properties of NewEng, Leo Chomen. Data sourced from SmartMLS
