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    2532 E Washington Street

    Phoenix, AZ 85034
    • $1,800,000
    • STATUS: Active
    • MLS #: 6149185
    UPDATED: 17 min ago
    $1,800,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    One acre land parcel with the ability to purchase the adjacent parcel to the West. This would give you a total of 1.8 Acres. Both properties are in a Phoenix Opportunity Zone, in the Metro Light Rail overlay and in an area the city is very motivated to support redevelopment in.The main parcel is currently operating as a multifamily assemblage of 14 mobile homes and 18 residential units. The adjacent parcel currently has a vacant industrial building on site. The property delivers a strong cap rate as is and presents strong redevelopment potential. This is a rare opportunity to have cash flowing land while leveraging the latent value future development potential. Includes parcels 121-63-110, 121-63-109, 121-63-111 and 121-63-115.

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    © 2021 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 A.Z. & Associates Real Estate Group. Data last updated 2021-01-22T17:13:03.32.
    www.soldbytlt.com/homes/111183523
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    2532 E Washington Street Phoenix, AZ 85034

    • Price: $1,800,000
    • Status: Active
    • Updated: 17 min ago
    • MLS #: 6149185
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    County:
    Maricopa
    Area:
    Phoenix
    Property Description
    One acre land parcel with the ability to purchase the adjacent parcel to the West. This would give you a total of 1.8 Acres. Both properties are in a Phoenix Opportunity Zone, in the Metro Light Rail overlay and in an area the city is very motivated to support redevelopment in.The main parcel is currently operating as a multifamily assemblage of 14 mobile homes and 18 residential units. The adjacent parcel currently has a vacant industrial building on site. The property delivers a strong cap rate as is and presents strong redevelopment potential. This is a rare opportunity to have cash flowing land while leveraging the latent value future development potential. Includes parcels 121-63-110, 121-63-109, 121-63-111 and 121-63-115.
    Exterior Features

    Lot Size Dimensions Na Parcel Size 1.00 - 2.49 Acres

    Property Features

    Electric Other (See Rmks) Existing Land Use Commercial LotResidential Lot For Sale Or Lease Sale Gas Other (See Rmks) Hoa YN N Hoa2 YN N New Financing Conventional Sewer Other (See Rmks) Special Listing Conditions N/A Tax Year 2020 Taxes 7668.00 Water Other Zoned Presently CommercialMulti-Family Zoning R4A1

    Listing courtesy of Rei Marketing.


    © 2021 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 A.Z. & Associates Real Estate Group. Data last updated 2021-01-22T17:13:03.32.
     
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    A.Z. & Associates Real Estate Group
    17235 N 75th Avenue, Suite B150
    Glendale AZ, 85308