EXCEPTIONAL REDEVELOPMENT & INVESTMENT OPPORTUNITY IN PHOENIX!
Unlock the potential of this unique property featuring a main residence, separate cottage, and swimming pool! Situated in a growing Phoenix area with strong rental demand, this property presents an exciting opportunity for investors, developers, or those looking to expand their real estate portfolio.
With… Read More R-3 multifamily zoning, the possibilities are worth exploring! Surrounding properties include multifamily developments with up to six units, highlighting the area's investment potential. Whether you're considering additional rental units, redevelopment, or maximizing the existing improvements, this property offers plenty of possibilities. Buyers are encouraged to consult with the City of Phoenix Planning and Development Department to verify zoning, density allowances, and development requirements.
Prime investment potential, multiple existing structures, and room to envision something more -- don't miss this opportunity to capitalize on Phoenix's continued growth! Read Less
Courtesy of Coldwell Banker Realty 623-344-1000
Listing Snapshot
Days Online
0
Last Updated
Beds
3
Year Built
1944
MLS Number
7092105
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Free-Standing Electric Oven
Building
Built in 1944, 3 buildings, Construction Materials: Wood Frame, Siding
Cooling
Heat Pump
Disclosures
None
Expenses
Operating: $1,349
Floors
Concrete
Heating
Heat Pump
Income
Gross Income: $1.98e+08, Gross ScheduledIncome: $2e+06, Net Operating Income: $20,000
Lot
Dimensions: 180.68 x 96.91
Owner Pays
Gas
Parking
8 open parking spaces, 8 total parking spaces, None
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 157-22-023, Public Survey Range: 2E, Public Survey Section: 1, Annual Amount: $1,349, Tax Book Number: 157.00, Legal Description: LOT 100 VISTA INCOME ESTATES 2 MCR 001918, Lot: 100, Year: 2025, Zoning: R-3
Utilities
Water Source: City Franchise, SRP
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