$3,850,000
Phoenix, AZ 85013
MLS# 6645326
1 / 24
Property Description
DISCOVER AN UNPARALLELED OPPORTUNITY IN THE HEART OF MIDTOWN PHOENIX'S MELROSE DISTRICT WITH THIS EXTRAORDINARY 2.43-ACRE PARCEL OF LAND, PRESENTING A PRIME MULTIFAMILY BUILDER OPPORTUNITY. BOASTING APPROVED PLANS FOR A 39-UNIT CONDOMINIUM/APARTMENT BUILDING, THIS PROPERTY IS POISED FOR IMMEDIATE DEVELOPMENT. SPECIAL FINANCING TERMS MAKE THIS VENTURE EVEN MORE ENTICING, AND WITH A REMARKABLE 83 WALK SCORE, FUTURE RESIDENTS WILL ENJOY CONVENIENT ACCESS TO A PLETHORA OF AMENITIES. DON'T MISS OUT ON THIS CHANCE TO SHAPE THE LANDSCAPE OF THE VIBRANT MELROSE DISTRICT. FOR INQUIRIES ABOUT SPECIAL SELLER FINANCING, CONTACT JOEL CHACKO FOR PRIVATE DETAILS. THIS IS A RARE AND PROMISING INVESTMENT OPPORTUNITY THAT AWAITS YOUR VISION AND CREATIVITY.
Details
Maps
Contract Info
Current Price: $3,850,000
List Price: $3,850,000
Status: Active
List Date: 2024-01-03
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 4330
Compass: N
Street Name: 5TH
St Suffix: Avenue
Unit #: 39
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 2997
Country: USA
County Code: Maricopa
Legal Description (Abbrev): LOT 39 PARK FIFTH AVENUE CONDOMINIUMS MCR 025232
Subdivision: PARK FIFTH AVENUE CONDOMINIUMS
Assessor's Map #: 33
Assessor's Parcel #: 181
Add'l Parcels: No
Assessor Number: 155-33-181
Legal: LOT 39 PARK FIFTH AVENUE CONDOMINIUMS MCR 025232
Census Tract: 117100
Tax Municipality: Phoenix
Taxes: 105
Tax Year: 2023
Marketing Name: PARK 5TH AVE CONDOMINIUMS
General Property Description
Lot Size Dimensions: 2.43 ACRES
Year Built: 2024
Zoning: COMMERCIAL
Elementary School: Encanto School
Jr. High School: Osborn Middle School
High School: Central High School
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: W GLENROSA AVE & N 5TH AVE
Directions: FROM CENTRAL AVE HEAD WEST ON GLENROSA AVE, RIGHT ONTO 5TH AVE. PROPERTY IS ON LEFT.
Geo Lat: 33.498759
Geo Lon: -112.080404
Status Change Info
Status Change Date: 2024-01-03
Legal Info
Township: 2N
Range: 3E
Section: 20
Lot Number: 39
Income & Expenses
Owner Association: No
Operating Exp: 105
Pmt & Rate Info
Equity: 3850000
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Project Type: Other (See Remarks)
Construction: Other (See Remarks)
Const - Finish: Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Other
Sale Includes: Other (See Remarks)
Community Amenities: Other
Exterior Amenities: Other (See Remarks)
Appliances Included: None
Heating: See Remarks
Cooling: See Remarks
Water: See Remarks
Sewer: Sewer - Public
Electric: None
Gas: None
Parking: None
Roads/Streets: Dirt
Owner Pays: Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Lockbox Type: None
New Financing: Other (See Remarks)
Reports/Disclosures: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Griggs's Group Powered by The Altman Brothers
Last Updated: April - 11 - 2024
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