$1,800,000 2532 E Washington Street Phoenix, AZ

MLS: 6149185   Type: Land   County: Maricopa   City: Phoenix   Zip: 85034   Style: Commercial Lot,Residential Lot     Taxes: $7,668

Mortgage $8,451 /mo

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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. Includes parcels 121-63-110, 121-63-109, 121-63-111 and 121-63-115.

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Price History

10/20/2020 Listed $1,800,000

Electric Other (See Rmks)
HOA Y/N N
Map Code/Grid Q35
New Financing Conventional
Present Use Commercial Lot, Residential Lot
Property Type C
Public Remarks 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
Sewer Other (See Rmks)
Special Condition N/A
Status Active
Tax Year 2020
Water Other
Zoning R4, A1

Interior Features

Gas Other (See Rmks)

Exterior Features

Apx Total Acres 1.00
Apx Total Acres G/N G
Distance to Electric Call Listing Office
Distance to Water Call Listing Office
Lot Size NA
Parcel Size 1.00 - 2.49 Acres

Property Schools



Direct Link:

https://www.arizonaspro.com/property/22-6149185-2532-E-Washington-Street-Phoenix-AZ-85034

Gallery (4 photos)

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Property vs Zip Code Avg (85034)

Price 1.80M Avg 546K

Taxes $7,668 Avg $2,976

Acres 1 Avg 0.61

Visits 7 Avg 80

Days on Site 34 Avg 199

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Listing Provided Courtesy Of: REI Marketing




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Location & Address

Quantum of Arizonas, REALTORS
34406 N 27th Drive #140
Phoenix, AZ
623-745-2014
623-587-9972