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$2,100,000
Phoenix, AZ 85040
MLS# 6687803
1 / 5
Property Description
Excellent development opportunity with shovel ready permits, plans and utility bonds for a 56 unit complex. 1.946 Acre Lot, Zoned R-4, Located in the Opportunity Zone and growing Central Phoenix corridor. Close to light rail expansion, Downtown Phoenix and many other lifestyle services. Fantastic location for a 56 unit complex. Plans include 40 one bedrooms and 16 two bedrooms.
Details
Maps
Contract Info
Current Price: $2,100,000
List Price: $2,100,000
Status: Active
List Date: 2024-04-05
Ownership: Fee Simple
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 4028
Compass: S
Street Name: 12th
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Country: USA
County Code: Maricopa
Assessor's Map #: 21
Assessor's Parcel #: 33
Add'l Parcels: No
Assessor Number: 113-21-033
Legal: MONTE VISTA ACRES LOT 21 EX N 23'
Tax Municipality: Phoenix
Taxes: 1041
Tax Year: 2022
Marketing Name: Dragonet Vista
General Property Description
Lot Size Dimensions: IRR
Year Built: 2025
Total # of Units: 56
# of Buildings: 6
Zoning: R4
Flood Zone: TBD
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: Broadway and 12th Street
Directions: Go north on 12th street to property on west side of street
Geo Lat: 33.409629
Geo Lon: -112.057059
Status Change Info
Status Change Date: 2024-04-05
Legal Info
Lot Number: 21
Income & Expenses
Owner Association: No
Operating Exp: 1041
Pmt & Rate Info
Equity: 2100000
Showing Notification Methods
Showing Service: No Showing Service Used
1 Bedroom Units
# 1 Bedroom Units: 40
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 16
# Baths: 2
Property Features
Project Type: 51 - 99 Units
Construction: Other (See Remarks)
Const - Finish: Other (See Remarks)
Roofing: Other (See Remarks)
Floors: Other
Sale Includes: Other (See Remarks)
Community Amenities: No Pool
Exterior Amenities: Other (See Remarks)
Interior Amenities: Other (See Remarks)
Appliances Included: Other (See Remarks)
Cooling: Electric
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: None
Roads/Streets: Dirt
Owner Pays: Other
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; Other (See Remarks)
Reports/Disclosures: None
Environmental: None
Listing Office: RE/MAX Solutions
Last Updated: April - 23 - 2024
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