Buy as is or completed. In the process to be approved with the city to develop up to 36 studio apartments or 17 1 bedrooms. Architect/engineer plans (included in the sale) are completed but not for release without an acceptable contract. Seller will INCLUDE 50% of the future NOI earnings in the sale. Pro forma gross income $518,000 per year. Experienced owner/developer is proceeding with construction. ARV apprx $4.6 million. Super location for students from 3 colleges. Commercial or multifamily okay. Owner may consider financing or build to suit. Seller financing available with 30% down.