Address
2532 E Washington Street Phoenix, AZ
Price
$ 1,800,000
Property Attributes
  • ML#6149185
  • TypeLand
  • CountyMARICOPA
  • CityPhoenix
  • Zip85034
  • StyleCommercial Lot,Residential Lot
  • Taxes7668
  • Price$ 1,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size1 Acres
Listing Provided Courtesy Of:
REI Marketing
Property 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.

Price History
10/20/2020 Listed $1,800,000

General Features

Electric Other (See Rmks)
HOA Y/N No
Map Code/Grid Q35
New Financing Conventional
Present Use Commercial Lot, Residential Lot
Property Type C
Public Remarks 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
Sewer Other (See Rmks)
Special Condition N/A
Status Active
Tax Year 2020
Water Other
Zoning R4, A1

Interior Features

Gas Other (See Rmks)

Exterior Features

Apx Total Acres 1.00
Apx Total Acres G/N G
Distance to Electric Call Listing Office
Distance to Water Call Listing Office
Lot Size NA
Parcel Size 1.00 - 2.49 Acres

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85034

Price
AVG $550K
$1.8M
Taxes
AVG $2,976
$7,668
Visits
AVG 80
6

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