Fantastic development opportunity near Downtown Phoenix! This 20,925 SF lot is zoned R-3 (Multiple Family Residence), allowing for detached, attached, or small-scale apartment development with densities up to 17.4 units per acre (with bonus provisions). The area is surrounded by growth, with new apartment projects just south on Cypress, highlighting the strong potential for redevelopment. Central location with convenient access to major freeways, downtown employment, dining, and entertainment. A rare chance to build in one of Phoenix's most active urban corridors. (Existing home conveys as-is.). Home is occupied by Tenants, they need 24 hours notice. Tenant is paying $2,000/Month. Home is sold ASIS
other interior Features High Speed Internet, No Interior Steps, Full Bth Master Bdrm
Area & Lot
StatusFor Sale
Living Area1,341 Sq.Ft.
Lot Area0.48 Acres
MLS® ID6954969
TypeResidential
YEAR BUILT1950
NeighborhoodPhoenix
Architecture StylesRanch
Elementary SchoolExcelencia School
Middle SchoolLarry C Kennedy School
High SchoolNorth High School
School DistrictPhoenix Union High School District
Exterior
STORIES1
water SourceCity Water
roofComposition
lot featuresNorth/South Exposure, Grass Front, Grass Back, Irrigation Front, Irrigation Back
parkingRV Access/Parking
HEAT TYPENatural Gas
AIR CONDITIONINGCentral Air, Evaporative Cooling
sewerPublic Sewer
Financial
Sales Price$525,000
Real Estate Tax$1,335/yr
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