$3,850,000
Phoenix, AZ 85013
MLS# 6645322
1 / 24
Property Description
DISCOVER AN UNPARALLELED OPPORTUNITY IN THE HEART OF MIDTOWN PHOENIX'S MELROSE DISTRICT WITH THIS EXTRAORDINARY 2.43-ACRE PARCEL OF LAND, PRESENTING A PRIME MULTIFAMILY BUILDER OPPORTUNITY. BOASTING APPROVED PLANS FOR A 39-UNIT CONDOMINIUM/APARTMENT BUILDING, THIS PROPERTY IS POISED FOR IMMEDIATE DEVELOPMENT. SPECIAL FINANCING TERMS MAKE THIS VENTURE EVEN MORE ENTICING, AND WITH A REMARKABLE 83 WALK SCORE, FUTURE RESIDENTS WILL ENJOY CONVENIENT ACCESS TO A PLETHORA OF AMENITIES. DON'T MISS OUT ON THIS CHANCE TO SHAPE THE LANDSCAPE OF THE VIBRANT MELROSE DISTRICT. FOR INQUIRIES ABOUT SPECIAL SELLER FINANCING, CONTACT JOEL CHACKO FOR PRIVATE DETAILS. THIS IS A RARE AND PROMISING INVESTMENT OPPORTUNITY THAT AWAITS YOUR VISION AND CREATIVITY.
Details
Maps
Contract Information
Current Price: $3,850,000
List Price: $3,850,000
Status: Active
List Date: 2024-01-03
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: 4330
Compass: N
Street Name: 5TH
St Suffix: Avenue
Lot #: 39
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85013
Zip4: 2997
Country: USA
County Code: Maricopa
Assessor's Map #: 33
Assessor's Parcel #: 181
Add'l Parcels: No
Assessor Number: 155-33-181
Legal Description (Abbrev): LOT 39 PARK FIFTH AVENUE CONDOMINIUMS MCR 025232
Subdivision: PARK FIFTH AVENUE CONDOMINIUMS
Census Tract: 117100
Tax Municipality: Phoenix
Taxes: 105
Tax Year: 2023
General Property Description
Apx Total Acres: 0.02
Apx Total Acres G/N: G
Price Per Acre: 192500000
Apx SqFt: 105850
Price Per SqFt: 36.37
Apx SqFt G/N: G
Lot Size Dimensions: 2.43 ACRES
Zoning: COMMERCIAL
Elementary School: Encanto School
Jr. High School: Osborn Middle School
High School: Central High School
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Remarks & Misc
Cross Street: W GLENROSA AVE & N 5TH AVE
Directions: FROM CENTRAL AVE HEAD WEST ON GLENROSA AVE, RIGHT ONTO 5TH AVE. PROPERTY IS ON LEFT.
Geo Lat: 33.499066
Geo Lon: -112.080831
Status Change Info
Status Change Date: 2024-01-03
Legal Info
Township: 2N
Range: 3E
Section: 20
Lot Number: 39
Pmt & Rate Info
Equity: 3850000
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
HOA 2 Y/N: N
Distance To Street
Distance To Street Comments: NONE
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Special Listing Cond: N/A
Existing Land Use: Commercial Lot
Zoned Presently: Multi-Family
Potential Use: Multi-Family
Parcel Size: 1.00 - 2.49 Acres
Water: Check Availability
Sewer: Sewer - Public
Electric: None
Gas: Other (See Rmks)
Distance to Cable: None
Distance to Phone: None
Distance to Water: None
Distance to Electric: None
Distance to Gas: None
Distance to Sewer: None
New Financing: Cash; Conventional
Reports/Disclosures: Other (See Rmks)
Environmental: Other (See Rmks)
Lockbox Type: None
Listing Office: Griggs's Group Powered by The Altman Brothers
Last Updated: April - 11 - 2024
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Saturday 4th of May 2024 11:55 PM