16640 N 25TH Street

    Phoenix, AZ 85032
    • $164,500
    • STATUS: Active
    • ON SITE: 316 days
    • MLS #: 5644820
    UPDATED: 48 min ago
    $164,500
    • 0
      BEDS
    • 0.43
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    This is a rare investment location for a investor just starting out or someone who's been involved with multifamily projects all their life. These two parcels, just under a half-acre are City zoned as R-3. Phoenix city R-3 as noted on City of Phoenix parcel sheet for parcel 214-26-015-D+G - Multiple family residence detached 5 to 6 units or attached 14 to 15 units per acre. First owner was considering two-story 10 units. The present owner an architect, was putting plans in place for five two-story condos. Owner's family decided it was time to slow down allowing for a great buying opportunity. You will notice a pad of an existing building approximately 28' x 60' and because of this, utilities are on the property.There are a couple of projects on the block in review.One under consideration for rezoning from C3 to R-3 for a major complex on just under 2 acres. The project brought to the attention of the landowner in 2016 consist of 42 or more units upgrading the neighborhood. Utilities and CC&R's are to be confirmed by buyer.

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    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than My Home Group. Data last updated 2018-06-23T09:12:05.76.
    www.beckygarcia.com/homes/75747269

    16640 N 25TH Street Phoenix, AZ 85032

    • Price: $164,500
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 5644820
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.43
    Acres
    Neighborhood:
    Kay Acres 2 Lots 15, 16, 18 Blk C
    County:
    Maricopa
    Area:
    Phoenix
    Property Description
    This is a rare investment location for a investor just starting out or someone who's been involved with multifamily projects all their life. These two parcels, just under a half-acre are City zoned as R-3. Phoenix city R-3 as noted on City of Phoenix parcel sheet for parcel 214-26-015-D+G - Multiple family residence detached 5 to 6 units or attached 14 to 15 units per acre. First owner was considering two-story 10 units. The present owner an architect, was putting plans in place for five two-story condos. Owner's family decided it was time to slow down allowing for a great buying opportunity. You will notice a pad of an existing building approximately 28' x 60' and because of this, utilities are on the property.There are a couple of projects on the block in review.One under consideration for rezoning from C3 to R-3 for a major complex on just under 2 acres. The project brought to the attention of the landowner in 2016 consist of 42 or more units upgrading the neighborhood. Utilities and CC&R's are to be confirmed by buyer.
    Exterior Features

    Fencing Block Freeway Highway 1.1 - 2 Miles Land Configuration Pad SiteSquare Rectangular Lot Size Dimensions Approx. 150 X 125 Parcel Size .25 - .49 Acres Road Streets Asphalt/Blacktop Topography Level

    Property Features

    Auction No Cross Street Bell Road And Cave Creek Development Status Raw LandPlans Available Electric Aps Existing Land Use Residential Lot For Sale Or Lease Sale Gas Sw Gas Hoa YN N Hoa2 YN N New Financing CashOther (See Rmks)Conventional Potential Use Single FamilyOfficeCommercialMulti-Family Sewer Sewer - PublicSewer - Available Special Listing Conditions N/A Tax Year 2016 Taxes 1391.00 Water City Franchise Zoned Presently Multi-Family Zoning R-3

    Listing courtesy of Homesmart.
    © 2018 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than My Home Group. Data last updated 2018-06-23T09:12:05.76.
     
    My Home Group
    1616 N Litchfield Road Suite 240
    Goodyear AZ, 85395