5016 N 21st Avenue, Phoenix, AZ 85015

$525,000
3
BD
2
BA
1,304
SqFt

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List Price
$525,000
Status
ACTIVE
Days on Market
16
MLS#
7074771
Subtype
Residential
Style
Ranch
Year Built
1936
Bedrooms
3
Bathrooms
2
Full Baths
2
Living Area
1,304
Lot Size
24,430
Acres
0.56
Subdivision
Camelback Gardens

Property Description

This redevelopment opportunity is ideally located in a prime Central Phoenix location near Grand Canyon University. Highest and best value is in the land and multifamily zoning. Zoned R-3, the property offers rare density potential for an infill townhome, duplex, or 8-10+ unit residential project (buyer to verify unit count/site plan with the City of Phoenix), complete with rear alley access. Located in a qualified opportunity zone. Large 1/2 acre plus lot. Commuting is made easy with close proximity to three major highways (I-17, I-10, AZ-51) and the Phoenix Light Rail. Tenant occupied 3 bedroom/2 bathroom and detached casita. Immediate cash flow for an infill development to cover costs while plans are approved. Please do not disturb tenants.

Additional Information

Interior Features
3/4 Bath Master Bdrm, Eat-in Kitchen, Kitchen Island, Non-laminate Counter
Taxes
$1,156
Property Description
Ranch
Flooring
Tile
Appliances
Refrigerator, Electric Range
Heating
Electric
Air Conditioning
Central Air
Exterior Construction
Wood Frame, Painted
Stories
1
Middle School
Choice Learning Academy
High School
Alhambra High School

Courtesy of APB Valley Spaces. 602-279-0121

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