Property Description

Investor and builder opportunity in the center of Russell! This two-story property offers approximately 4,320 square feet on a 0.37-acre lot and requires substantial renovation. Architectural plans are available depicting a proposed conversion to six one-bedroom apartments, three per floor. Plans are proposed only; approval status has not been verified. An existing USPS parking agreement provides $700/month ($8,400/year), with USPS currently handling snow and ice removal. Under the agreement, rent increases to $1,100/month ($13,200/year) when tenants occupy the building and the landlord assumes snow removal. Buyers to verify zoning, permitted uses, conversion feasibility, permits, square footage and all information. Cash transaction, Property offered as-is. See disclosures and showing instructions for entry requirements. Russells Residential zoning district permits detached single-family and two-family dwellings. Senior housing requires a special permit and site plan review. Buyer to verify the feasibility of converting the existing building and obtain all required approvals.

Property Features