Situated on an expansive 35,480-square-foot (approximately 0.81-acre) lot in an evolving North Phoenix neighborhood, this R-3 zoned property presents a compelling opportunity for investors, developers, and visionaries looking to capitalize on the area's continued revitalization and long-term growth potential.
Previously operating as a six-unit residential compound with multiple income-producing residences, the… Read More property offers a unique opportunity to reimagine its next chapter. The site has sustained significant fire damage, with only one of the original buildings remaining standing, creating an opportunity to explore redevelopment, reconstruction, or an entirely new residential investment concept. With its generous lot size, established residential surroundings, and convenient proximity to major transportation corridors, shopping, dining, and employment centers, the property offers an attractive foundation for a potential income-producing development.
Whether envisioning multifamily housing, a thoughtfully designed residential compound, or another permitted use, the possibilities are worth exploring. An opportunity to acquire a substantial parcel in an evolving North Phoenix location and unlock its future potential. Buyer to verify zoning, allowable density, development requirements, and feasibility with the City of Phoenix. Read Less
Courtesy of Keller Williams Realty Sonoran Living 480-948-3338
Listing Snapshot
Days Online
2
Last Updated
Year Built
1984
MLS Number
7095968
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Free-Standing Range, Dishwasher
Building
Built in 1984, 3 buildings, Construction Materials: Painted, Block
Community
No Pool
Cooling
Central Air, Electric, Heat Pump
Disclosures
None
Expenses
Operating: $2,098
Floors
Tile, Carpet, Ceramic Tile
Heating
Electric
Lot
Dimensions: 35480 sf/.81 acres
Parking
14 open parking spaces, 14 total parking spaces
Roof
Composition, Built-Up
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 214-40-022-D, Public Survey Range: 3E, Public Survey Section: 2, Annual Amount: $2,098, Tax Book Number: 214.00, Legal Description: LOT 18 KAY ACRES MCR 003328, Lot: 18, Parcel Letter: D, Year: 2025, Zoning: R-3
Utilities
Water Source: City Franchise, APS
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