About The Property

Capitalize on a luxury multifamily development opportunity in the booming 85016 zip code, perfectly positioned between the Camelback Corridor and Arcadia Lite. This 10,515 SF infill lot offers a ''plug-and-play'' scenario with previously approved plans for four (4) 2-bed/1.5-bath, 1,063 SF units, complete with architectural, civil, and MEP plans to slash development timelines. FLEXIBLE STRATEGY: Build the approved contemporary duplexes (with private yards, dog park, parking) or design your own high-end ''missing middle'' project. PRIME LOCATION: Minutes from Biltmore Fashion Park, elite dining, and Sky Harbor Airport. OPTIMAL FINANCING: Develop as a fourplex to utilize favorable residential financing. HIGH-DEMAND AREA: Proven market with neighboring sales over $2.5M.
Courtesy of ABI Multifamily 602-714-1400
Listing Snapshot
Days Online
73
Last Updated
Property Type
Land
Lot Size
0.24 Acres
MLS Number
7040697
M. Logan
Top 2% performing AZ broker
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Additional Details

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Building
Other structures: See Remarks
Fence
Brick, Partial
Lot
0.24 acres, 10,500 sqft, East/West Exposure
Property
Zoning: R-3, Phoenix
Sewer
Sewer-In & Connected, Public Sewer
Taxes
Annual amount: $1,147, Lot: -
Utilities
SRP
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30 Days Snapshot Of 85016
$714k
-28%
(avg) sold price
18
-14%
homes sold
93
-25%
(avg) days on market
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Monthly Payment
$0

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