$245,000

Excellent opportunity for multi-family development in the City of Balcones Heights. These are 2 lots being sold together - 201 & 203 Altgelt. Great location for a duplex or four-plex. The City's development process would need to be followed and ***a multi-family development would require a rezoning of the property (City is willing to work with buyer)*** Buyer also might need to re-plat in order to build but city is willing to work with buyer for that as well. The development would be required to meet the standards established by the City of Balcones Heights Design and Development Standards in the Building Code, as well as other applicable ordinances and codes. Existing mature trees on the property must be preserved to the greatest extent that is practicable. The development should demonstrate an awareness of sustainability, environmental responsibility, and pedestrian-friendly design. Please refer to the Department of Community Development at Community Development | City Of Balcones Heights for additional information regarding zoning and development. There are currently structures located on each lot. Only minutes away from the I-10/410 interchange as well as St. Mary's University and Woodlawn Lake.