Exceptional value-add opportunity in the heart of Phoenix. Situated on an expansive 14,000 SF lot, this 5-unit multifamily property offers tremendous potential for investors, developers, and owner-operators seeking their next repositioning project.
The property requires substantial renovation, creating a true blank canvas for value-add improvements, redevelopment, or adaptive reuse potential. Whether… Read More your strategy is long-term hold, multifamily investment, workforce housing, or reimagining the site for its highest and best use, this asset offers exceptional flexibility. Ideally located just minutes from Downtown Phoenix and the Arizona State Capitol, with convenient access to I-10, I-17, Sky Harbor International Airport, the Phoenix Bioscience Core, ASU's Downtown Campus, and the city's major sports and entertainment venues. Positioned within an evolving urban corridor experiencing continued public and private investment, this rare large-lot property combines location, density, and long-term upside. Investment opportunities with this combination of size, proximity to the urban core, and repositioning potential are becoming increasingly difficult to find. Bring your vision and unlock the possibilities. Read Less
Courtesy of SERHANT. 602-525-3992
Listing Snapshot
Days Online
110
Last Updated
Beds
14
Year Built
1931
MLS Number
7048471
Additional Details
Property Access
Road Surface: Gravel
Appliances & Equipment
None
Building
Built in 1931, 4 buildings, Construction Materials: Wood Frame, Painted, Stucco
Community
No Pool
Cooling
None
Disclosures
None
Expenses
Operating: $1,299
Floors
Ceramic Tile, Vinyl
Heating
None
Lot
Dimensions: 14,000
Owner Pays
Electricity, Trash Collection, Water, Sewer
Parking
1 Space/Unit
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 109-49-101-A, Public Survey Range: 2E, Public Survey Section: 12, Annual Amount: $1,299, Tax Block: 43, Tax Book Number: 109.00, Legal Description: LOT 5 BLOCK 43 CAPITOL BLK 43, 44, 35-38, 29, 30 MCR 000213, Lot: 5, Parcel Letter: A, Year: 2025, Zoning: R-3
Utilities
Water Source: City Franchise, APS
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