1063 W 5TH Street, 1, Tempe, AZ 85281 (MLS# 6667908)

$425,000
1063 W 5TH Street, 1
Tempe, AZ 85281
MLS# 6667908

1063 W 5TH Street, 1, Tempe, AZ 85281
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Property Description
*Seller Financing Available* If you're seeking a prime real estate opportunity in Tempe, Arizona, look no further than these four vacant parcels located in the R-3 zoning district. Situated just five minutes from downtown Tempe, this land offers a rare chance to capitalize on the city's vibrant urban atmosphere while enjoying the tranquility of a residential neighborhood. Subdivided for the possibility of 3 detached properties and a common area. The R-3 zoning designation allows for both single family and multi-family developments. Whether you're a developer looking to build a new community or an investor seeking to capitalize on Tempe's growing housing market, these parcels offer endless potential in one of Arizona's most dynamic cities.

Details
Maps
Contract Information
Current Price: $425,000
List Price: $425,000
Status: Active
List Date: 2024-02-23
For Sale or Lease?: Sale
Type: ER
Subagents: N
Buyer/Broker: Y
Buyer Broker $/%: %
Comp to Buyer Broker: 3
Variable Commission: N
Location, Tax & Legal
House Number: 1063
Compass: W
Street Name: 5TH
St Suffix: Street
Lot #: 1
City/Town Code: Tempe
State/Province: AZ
Zip Code: 85281
Zip4: 2543
Country: USA
County Code: Maricopa
Assessor's Map #: 36
Assessor's Parcel #: 188
Add'l Parcels: Yes
Assessor Number: 124-36-188
Legal Description (Abbrev): LOT 1 TREBLE MCR 149024
Subdivision: TREBLE
Census Tract: 318800
Tax Municipality: Tempe
Taxes: 327
Tax Year: 2023
General Property Description
Apx Total Acres: 0.03
Apx Total Acres G/N: G
Price Per Acre: 14166666.67
# Lots in Listing: 4
# Units Allowed: 3
Apx SqFt: 10447
Price Per SqFt: 40.68
Apx SqFt G/N: G
Lot Size Dimensions: 50.01 x 208.94
Horses: N
Zoning: R-3
Flood Zone: TBD
Elementary School: Scales Technology Academy
Jr. High School: Geneva Epps Mosley Middle School
High School: Tempe High School
Elementary School District: Tempe Elementary School District
High School District: Tempe Union High School District
Remarks & Misc
Cross Street: University Dr & Hardy St
Directions: On south side of 5th St. between Beck & Hardy. Just east of Scales Technology Academy Elementary School. Use the adjacent apartment entrance/road to access the property.
Geo Lat: 33.424829
Geo Lon: -111.954341
Status Change Info
Status Change Date: 2024-02-23
Legal Info
Township: 1N
Range: 4E
Section: 16
Lot Number: 1
Pmt & Rate Info
Equity: 425000
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: Single Family; Multi-Family
Potential Use: Single Family; Multi-Family
Parcel Size: .0 - .24 Acres
Current Density: 00 - 01 Units P/Acre
Proposed Density: 02 - 05 Units P/Acre
Development Status: Raw Land; See Remarks
Land Features: Other; See Remarks
Land Configuration: Square Rectangular
Roads/Streets: Asphalt
Topography: Level
Existing Structures: None
Water: City Franchise
Sewer: Sewer - Available
Electric: APS
Gas: SW Gas
Distance to Cable: Under 350 Feet
Distance to Phone: Under 350 Feet
Distance to Water: Under 350 Feet
Distance to Electric: Under 350 Feet
Distance to Gas: Under 350 Feet
Distance to Sewer: Under 350 Feet
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Other Loan: Not Applicable
New Financing: Cash; Conventional; Seller May Carry; 1031 Exchange
Use Restrictions: Existing Easement
Reports/Disclosures: Soil Test; Seller Prop Disc Stm; Boundary Survey Avlb; Development Pln Aval
Environmental: None
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
Fencing: Block

Listing Office: LPT Realty, LLC

Last Updated: May - 03 - 2024

1063 W 5TH Street, 1, Tempe, AZ 85281 - MLS# 6667908

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Sunday 5th of May 2024 10:04 PM