$60,000
Phoenix, AZ 85041
MLS# 5886889
Status: Closed
1 / 5
Property Description
Fantastic multi-family opportunity for up to 20 units on this R-5 zoned flat property. There appears to be electric polls on the property as well as a water meter on the front of the property. Close to downtown with many commercial employers in this area with a real multi-family shortage. Perfect for your 3 or 4 level development opportunity. Nice frontage on Broadway Rd with consistent traffic.
Details
Maps
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $60,000
Sold Price: $60,000
Status: Closed
List Date: 2019-02-22
Location, Tax & Legal
Lot #: 1
Assessor's Map #: 60
Legal Description (Abbrev): BEG AT PT 1833F W FR NE COR SD SEC TH W 100F TH S 200F TH E 100F TH N 200F TO BEG EX N 40F RD
Assessor's Parcel #: 30
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 115700
Taxes: 511
Map Code/Grid: R34
House Number: 1147
Compass: W
Street Name: BROADWAY
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85041
County Code: Maricopa
Assessor Number: 105-60-030
Tax Year: 2018
General Property Description
Apx Total Acres: 0.37
Apx Total Acres G/N: G
Price Per Acre: 172972.97
Apx SqFt: 15987
Price Per SqFt: 4
Apx SqFt G/N: G
Lot Size Dimensions: 101 X 159
Horses: N
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Zoning: R5
Legal Info
Range: 3E
Section: 30
Township: 1N
Lot Number: 1
Special Listing Cond
N/A: 1
Pmt & Rate Info
Down Payment: 69000
Equity: 69000
Down Payment %: 100
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Existing Land Use
Residential Lot: 1
Zoned Presently
Multi-Family: 1
Potential Use
Single Family: 1
Multi-Family: 1
Parcel Size
.25 - .49 Acres: 1
Development Status
Raw Land: 1
Land Features
North/South Exp: 1
Fencing
Block: 1
Chain Link: 1
Partial: 1
Water Source
City Franchise: 1
Other: 1
See Remarks: 1
Sewer
Sewer - Public: 1
Other: 1
Electric
SRP: 1
Other (See Rmks): 1
Topography
Level: 1
Gas
None: 1
Existing Structures
None: 1
Distance to Cable
Call Listing Office: 1
New Financing
Cash: 1
Conventional: 1
No Carry: 1
Distance to Phone
Call Listing Office: 1
Distance to Water
Call Listing Office: 1
Existing 1st Loan
Private: 1
Distance to Electric
Call Listing Office: 1
Existing 1st Loan Type
Not Applicable: 1
Distance to Gas
Call Listing Office: 1
Existing 1st Loan Terms
Not Applicable: 1
Distance to Sewer
Call Listing Office: 1
Existing 2nd Loan
Other (See Rmks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Rmks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Other Loan
Not Applicable: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Closing Cost Split: Normal - N
Payment Type: Fixed
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: 7th Ave & Broadway Rd
Directions: Take Broadway Rd Westbound, Property at the SW corner of 12th Ave and Broadway Rd.
Geo Lat: 33.406394
Geo Lon: -112.088171
Status Change Info
Off Market Date: 2019-08-01
Under Contract Date: 2019-06-04
Close of Escrow Date: 2019-07-31
Sold Price: $60,000
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Potential Use: Single Family; Multi-Family
Parcel Size: .25 - .49 Acres
Development Status: Raw Land
Land Features: North/South Exp
Topography: Level
Existing Structures: None
Water Source: City Franchise; Other; See Remarks
Sewer: Sewer - Public; Other
Electric: SRP; Other (See Rmks)
Gas: None
Distance to Cable: Call Listing Office
Distance to Phone: Call Listing Office
Distance to Water: Call Listing Office
Distance to Electric: Call Listing Office
Distance to Gas: Call Listing Office
Distance to Sewer: Call Listing Office
Existing 1st Loan: Private
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Rmks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Rmks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Cash; Conventional; No Carry
Environmental: None
Fencing: Block; Chain Link; Partial
Listing Office: Open House Realty
Last Updated: April - 23 - 2026
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