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The Story

5016 North 21st Avenue

Phoenix, AZ 85015 · Home

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.

Facts & Features

Property Info

Price
$525,000
Completion Year
1,936
Living Space
1,304 sq ft
Floors
1
Bedrooms
3
Bathrooms
2
Lot size
1 acres

Features & Amenities

Cooling

Central Air

Heating

Electric

Appliances

Refrigerator, Electric Range

Flooring

Tile

Roof

Composition

Lot Information

Natural Desert Back, Natural Desert Front

Water Source

City Water

Sewer

Public Sewer

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Listing Broker

APB Valley Spaces

Broker Name

APB Valley Spaces

Agent

Augustine Bartning

Phone

(480) 269-2024

Email

augustinebartning@gmail.com