$245,000

Excellent multi-family development opportunity in the City of Balcones Heights. 201 & 203 Algelt can be sold together or separately. ***Update: City plans to move forward with rezoning both 201 & 203 Altgelt to multi-family by mid-November*** Both existing structures would need to be torn down and 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. Buyer might also need to re-plat in order to build, but city is willing to work with buyer for that as well. Existing mature trees on the property must be preserved to the greatest extent that is practicable. Please refer to the Department of Community Development of the City of Balcones Heights for additional information regarding zoning and development. Only minutes away from the I-10/410 interchange as well as St. Mary's University and Woodlawn Lake.