$1,000,000
$1,105,000
9.5%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/04/2022
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Nile Tract Block 2
MLS Listing ID 6416996
Sold Date 11/04/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1935
Annual Tax Amount $3,136
Tax Year 2021
Lot Dimensions 36,814
Property Description
Huge developmental opportunity! Property is located within a newly established REINVENTPHX neighborhood. Property location falls within the designated high density MF/Condo Zoning Qualified location. This code regulates development and was created to replace existing zoning to allow for higher urban density along the light rail. Property is being marketed and sold as a developmental opportunity. Rental rates are considerably below current market due to long long term occupation of current tenants.
Location
State AZ
County Maricopa
Community Nile Tract Block 2
Zoning R3
Direction North on 17th avenue from Camelback. Two properties north of Colter on West side of street.
Interior
Heating Electric
Cooling Electric, Evaporative Cooling, Wall/Window Unit(s)
Flooring Concrete
Exterior
Garage Common
Community Features No Pool
Amenities Available Other
Waterfront No
Roof Type Composition, Built-Up, Concrete
Total Parking Spaces 8
Building
Sewer Public Sewer, Septic Tank
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 156-36-027
Financing Cash
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Bought with Prestige Realty
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