$2,100,000
Phoenix, AZ 85040
MLS# 6687786
1 / 5
Property Description
Excellent development opportunity with shovel ready permits, plans and utility bonds for a 56 unit complex. 1.946 Acre Lot, Zoned R-4, Located in the Opportunity Zone and growing Central Phoenix corridor. Close to light rail expansion, Downtown Phoenix and many other lifestyle services. Fantastic location with 56 units. 40 One bedroom and 16 two bedroom.
Details
Maps
Contract Information
Current Price: $2,100,000
List Price: $2,100,000
Status: Active
List Date: 2024-04-05
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2.5
Variable Commission: N
Location, Tax & Legal
House Number: 4028
Compass: S
Street Name: 12th
St Suffix: Street
Lot #: -
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Country: USA
County Code: Maricopa
Assessor's Map #: 21
Assessor's Parcel #: 33
Add'l Parcels: No
Assessor Number: 113-21-033
Tax Municipality: Phoenix
Taxes: 1041
Tax Year: 2022
General Property Description
Apx Total Acres: 1.95
Apx Total Acres G/N: G
Price Per Acre: 1076923.08
# Units Allowed: 56
Apx SqFt: 84762
Price Per SqFt: 24.78
Apx SqFt G/N: G
Lot Size Dimensions: irr
Horses: N
Zoning: R4
Flood Zone: TBD
Elementary School: Irene Lopez Elementary School
Jr. High School: Irene Lopez Elementary School
High School: South Mountain High School
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Broadway and 12th Street
Directions: Go north on 12th Street to property on the west side of street.
Geo Lat: 33.409629
Geo Lon: -112.057059
Status Change Info
Status Change Date: 2024-04-05
Legal Info
Lot Number: -
Pmt & Rate Info
Equity: 2100000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Other (See Rmks)
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: 1.00 - 2.49 Acres
Current Density: 40+ Units P/Acre
Proposed Density: 40+ Units P/Acre
Development Status: Plans Available; Plans Included
Land Configuration: Square Rectangular
Roads/Streets: Asphalt
Existing Structures: None
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
Existing Other Loan: Not Applicable
New Financing: Cash; Conventional; Other (See Rmks)
Reports/Disclosures: None
Environmental: None
Lockbox Type: None
Listing Office: RE/MAX Solutions
Last Updated: April - 23 - 2024
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