Address
2532 E Washington Street Phoenix, AZ
Price
$ 1,800,000
Property Attributes
- MLS#6149185
- TypeLand
- CountyMARICOPA
- CityPhoenix
- Zip85034
- StyleCommercial Lot,Residential Lot
- Taxes7668
- Price$ 1,800,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size1 Acres
Listing Provided Courtesy Of:
REI Marketing
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.
| Price History | |
|---|---|
| 10/20/2020 | Listed $1,800,000 |
General Features
| Electric | Other (See Rmks) |
|---|---|
| HOA Y/N | No |
| Map Code/Grid | Q35 |
| New Financing | Conventional |
| Present Use | Commercial Lot, Residential Lot |
| Property Type | C |
| Public Remarks | 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 |
| Sewer | Other (See Rmks) |
| Special Condition | N/A |
| Status | Active |
| Tax Year | 2020 |
| Water | Other |
| Zoning | R4, A1 |
Interior Features
| Gas | Other (See Rmks) |
|---|
Exterior Features
| Apx Total Acres | 1.00 |
|---|---|
| Apx Total Acres G/N | G |
| Distance to Electric | Call Listing Office |
| Distance to Water | Call Listing Office |
| Lot Size | NA |
| Parcel Size | 1.00 - 2.49 Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 85034
Price
Taxes
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