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.
Based on the average sale price from the Gilbert, AZ office
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
5016 N 21st Avenue Phoenix, AZ is a Single Family Home for sale at $525000 with 1304 sqft and a lot size of 0.56 Acres Acre(s). 5016 N 21st Avenue Phoenix has 3 bedrooms, 2 baths and was built in 1936. The property's zip code is 85015 which is in Phoenix, AZ
*Information deemed reliable but not guaranteed.
Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Mortgage calculator provided courtesy of Inside Real Estate.
All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.