Phoenix, AZ 85040,3108 E SOUTHERN Avenue #5
Phoenix, AZ 85040,3108 E SOUTHERN Avenue #5
Phoenix, AZ 85040,3108 E SOUTHERN Avenue #5
Phoenix, AZ 85040,3108 E SOUTHERN Avenue #5
Phoenix, AZ 85040,3108 E SOUTHERN Avenue #5
Phoenix, AZ 85040,3108 E SOUTHERN Avenue #5
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$ 750,000
Est. payment | /mo

0.48 Acres Lot


Save
$ 750,000
Est. payment | /mo
Save

0.48 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

Subdivision Patrick Park

MLS Listing ID 6894694

HOA Y/N No

Annual Tax Amount $720

Tax Year 2024

Lot Size 0.475 Acres

Acres 0.48

Lot Dimensions 220 x 415

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

This 1.5-acre property, zoned R5, offers incredible potential for development of up to 63 units. The owner has already completed studies for multiple configurations, including:
24 units in six fourplexes, 32-unit apartment complex, 52-unit apartment complex

The location is unbeatable—minutes from Sky Harbor Airport, Tempe ASU, and Downtown Phoenix, making it ideal for workforce housing, student housing, or a luxury rental community.

Flexible financing options available! The seller may be willing to carry a short-term note, making this an attractive opportunity for developers and investors looking to secure the property while finalizing plans or construction financing.

Don't miss this versatile, strategically located development site in one of Phoenix's fastest-growing areas!

Location

State AZ

County Maricopa

Community Patrick Park

Zoning R5

Direction West to land between Southern and Old Southern

Exterior

View Mountain(s)

Topography Level

Building

Lot Description Gated Community

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 122-68-006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Owner/Agent, N/A

Arizona Regional MLS (ARMLS)
Listed by My Home Group Real Estate

GET MORE INFORMATION

agent
James Kuttner

REALTOR® | Lic# SA548848000

+1(623) 680-2081

20241 N 67th Ave Suite A1, Glendale, AZ, 85308

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3108 E SOUTHERN Avenue #5