What exactly is for sale at 426 NE 26th St?

This is a property sale for the land and an existing duplex built in 1937. The listing is marketing it as the future site for a planned 21-unit, 8-story short-term rental building. The current living area is 2,312 square feet.

What is the status of the proposed new building?

The plans for the 21-unit, 8-story building are currently pending approval with the city. The sale is for the opportunity to develop that approved vision once permits are secured.

Is there a homeowners association (HOA) fee?

No, there is no HOA fee for this property.

What is the price and what does it include?

The asking price is $3,200,000. This includes the land and the existing 1937 duplex. The value is based on the development potential for the proposed short-term rental building, pending approval.

Is this a turnkey rental property or a development project?

This is primarily a development project. An investor is purchasing the site with the intent to redevelop it into a larger building, as described. It is not being sold as a finished, income-producing short-term rental building at this time.