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.
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0BEDS
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1ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
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.
© 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Luxury Group - Realty Executives Arizona Properties. Data last updated 2021-01-25T11:12:52.13.