4221/4217 N 27TH Street, Phoenix, Arizona
4221/4217 N 27TH Street, Phoenix, Arizona 85016 - This 2 parcel assemblage includes a 2 bedroom, 1 bathroom house recently remodeled with a private fenced backyard and a duplex property on the back half of the lot. The duplex consists of a ground level and basement level unit. Both duplex units are 2 bedroom, 2 bathroom units and have been updated and remodeled in the past 2 years. All 3 units are on either mo to mo leases or soon to be vacated. Both lots are equal to just under a half an acre at 17,017SF. This is one of the HOTTEST multi-family markets in Metro Phoenix. In the past 2 months, recent sales on the same block range from $1.9M-$30M. Great opportunity for a buy and hold investment and development deal. Medium density zoning up to 17 units/acre (attached). CAP rate includes prop taxes. Do Not Disturb Tenants.
Listing Courtesy of Axis Property Advisors