Phoenix, AZ 85015
CAMELBACK GARDENS
$525,000
$403 / sf
Listing courtesy ofAPB Valley Spaces — Augustine Bartning · 602-279-0121
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.
Ranch · 1 story · Built 1936
Non-laminate Counter · Eat-in Kitchen · Kitchen Island · 3/4 Bath Master Bdrm · Tile flooring · Other laundry
Refrigerator · Electric Range
None
Wood Frame · Painted · Partial fencing · Natural Desert Back · Natural Desert Front
Electric heating · Central Air cooling
Carry cost at today’s rate, including taxes, insurance, and HOA.
$3,044
Estimate only · Insurance modeled at 0.35% of value annually · Verify all costs with your lender.