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    2532 E Washington Street

    Phoenix, AZ 85034
    • $1,800,000
    • STATUS: Active
    • ON SITE: 96 days
    • MLS #: 6149181
    $1,800,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1930
    County:
    Area:

    School Information

    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. Access to the property is either from Washington or Adams. Includes parcels 121-63-110, 121-63-109, 121-63-111 and 121-63-115.

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    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Executive Realty Advisors | Keller Williams Realty Phoenix. Data last updated 2021-01-25T00:11:41.08.
    www.yournextphoenixhome.com/homes/111183528
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    2532 E Washington Street Phoenix, AZ 85034

    • Price: $1,800,000
    • Status: Active
    • MLS #: 6149181
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1930
    Built
    County:
    Maricopa
    Area:
    Phoenix
    Elementary School:
    Wilson Elementary School - Phoenix
    High School:
    Camelback High School
    School District:
    001 - Phoenix Elementary District
    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. Access to the property is either from Washington or Adams. Includes parcels 121-63-110, 121-63-109, 121-63-111 and 121-63-115.
    Exterior Features

    Construction Other (See Remarks) Construction Finish Other (See Remarks) Covered Parking Spaces 0.00 Lot Size Dimensions Irr Parking Other (See Remarks) Roads Asphalt Roofing Other (See Remarks)

    Interior Features

    1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included None Cooling EvaporativeOther (See Remarks) Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Other (See Remarks) Heating Other (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 0.00 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No Pool Cross Street 25th Street And Washington Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Sw Gas Gross Annual Sch Inc 0.00 Hoa YN No Net Operating Income 0.00 New Financing Conventional Operating Exp 7668.00 Other Income 0.00 Owner Pays ElectricGasSewerTrash CollectionWater Project Type 25 - 50 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Other (See Remarks) Tax Municipality Phoenix Taxes 7668.00 Tenant Pays Other (See Remarks) Vacancy Allowance 0.00 Water City Franchise Zoning A-1R-4

    Listing courtesy of Rei Marketing.


    © 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than Executive Realty Advisors | Keller Williams Realty Phoenix. Data last updated 2021-01-25T00:11:41.08.
     
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    Executive Realty Advisors | Keller Williams Realty Phoenix
    4862 E. Baseline Rd.
    Mesa AZ, 85206