16640 N 25TH Street, Phoenix, Arizona
16640 N 25TH Street, Phoenix, Arizona 85032 - This is a rare investment location for a investor just starting out or someone who's been involved with multifamily projects all their life. These two parcels, just under a half-acre are City zoned as R-3. Phoenix city R-3 as noted on City of Phoenix parcel sheet for parcel 214-26-015-D+G - Multiple family residence detached 5 to 6 units or attached 14 to 15 units per acre. First owner was considering two-story 10 units. The present owner an architect, was putting plans in place for five two-story condos. Owner's family decided it was time to slow down allowing for a great buying opportunity. You will notice a pad of an existing building approximately 28' x 60' and because of this, utilities are on the property.There are a couple of projects on the block in review.
Listing Courtesy of HomeSmart