$376,000
Phoenix, AZ 85022
MLS# 6618440
1 / 14
Property Description
NO HOA - READY FOR MULTIFAMILY - ALL UTILITIES ON PROPERTY - Welcome to an exceptional real estate opportunity in a thriving community! These two contiguous parcels, zoned for high-density multifamily development, come with a valuable bonus - a manufactured home on each property that can generate income as you plan your development. This unique feature ensures immediate revenue, making this investment practical and promising. Strategically located near major freeways, schools, and a variety of dining and shopping options, these parcels are perfectly positioned for a multifamily development. Notably, a large parcel across the street is already capitalizing on the same development opportunity, highlighting the strong demand for multifamily housing in the area.
Details
Maps
Contract Information
Current Price: $376,000
List Price: $376,000
Status: Active
List Date: 2023-10-16
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 2
Variable Commission: N
Location, Tax & Legal
House Number: 2045
Compass: E
Street Name: MICHIGAN
St Suffix: Avenue
Lot #: 153
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85022
Zip4: 1404
Country: USA
County Code: Maricopa
Assessor's Map #: 71
Assessor's Parcel #: 153
Add'l Parcels: Yes
Assessor Number: 214-71-153
Legal Description (Abbrev): LOT 153 NEW BELL PARK MCR 009623
Subdivision: NEW BELL PARK
Census Tract: 619300
Tax Municipality: Phoenix
Taxes: 481
Tax Year: 2022
General Property Description
Apx Total Acres: 0.31
Apx Total Acres G/N: G
Price Per Acre: 1212903.23
# Lots in Listing: 2
# Units Allowed: 8
Apx SqFt: 13328
Price Per SqFt: 28.21
Apx SqFt G/N: G
Lot Size Dimensions: 122.14 x 111.48
Zoning: R4-A
Flood Zone: No
Elementary School: Echo Mountain Intermediate School
Jr. High School: Mountain Sky Middle School
High School: North Canyon High School
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Remarks & Misc
Cross Street: E. Michigan Ave & N. 20th St
Directions: Located between Cave Creek Rd & 20th St and Union Hills & Bell Rd.
Geo Lat: 33.651116
Geo Lon: -112.03752
Status Change Info
Status Change Date: 2024-04-29
Legal Info
Township: 4N
Range: 3E
Section: 34
Lot Number: 153
Pmt & Rate Info
Equity: 376000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family
Parcel Size: .25 - .49 Acres
Proposed Density: 26 - 30 Units P/Acre
Development Status: Raw Land; See Remarks
Land Features: North/South Exp
Road Responsibility: City Maintained Road
Water: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
New Financing: Cash; 1031 Exchange
Reports/Disclosures: None
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Listing Office: HomeSmart
Last Updated: April - 30 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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