The value is in the land!! There is development potential with water in the street and sewer adjoining the property on the south side. There are three homes on the property, which produce a monthly income of $6,800.00 and that will provide income while you prepare to develop the property. Seller makes no warranty or statement of condition of the houses or feasibility to subdivide. Buyer to have possession of property 60 days after closing to allow seller time to remove seller's personal property from the subject property. Buyer agrees to cooperate with seller in doing a 1031 tax deferred exchange.