WISE INVESTOR ALERT: Multifamily Tax Exempt Area (MFTE) allows for exemptions from ad valorem property taxation for 8, 12, and up to 20 years with the possibility of extensions, resulting in significant cost savings for the investor. The MU Zoning suggests significant development potential allowing for buildings of 4 to 6 stories. The approach of the light rail extension can enhance the value of the property appealing to potential tenants prioritizing easy access to transit options.
