Address
2532 E Washington Street Phoenix, AZ
Price
$ 1,800,000
Property Attributes
  • ML#6149181
  • TypeMulti-Family
  • CountyMARICOPA
  • CityPhoenix
  • Zip85034
  • Style
  • Year Built1930
  • Taxes7668
  • Price$ 1,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
REI Marketing
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.

Elementary School High School
Wilson Elementary School - Phoenix Camelback High School
Price History
10/20/2020 Listed $1,800,000

General Features

1 Bedroom Units: Avg Rent 0.00
2 Bedroom Units: Avg Rent 0.00
3 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Rent 0.00
Construction Other (See Remarks)
Cooling Evaporative, Other (See Remarks)
Electric APS
Elementary School Wilson Elementary School - Phoenix
Features No Pool
Heating Other (See Remarks)
High School Camelback High School
Map Code/Grid Q35
Net Income 0.00
New Financing Conventional
Owner Pays Electric, Gas, Sewer, Trash Collection, Water
Parking Other (See Remarks)
Property Type F
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
Roof Other (See Remarks)
School District 001 - Phoenix Elementary District
Sewer Sewer - Public
Status Active
Tenant Pays Other (See Remarks)
Water City Franchise
Year Built 1930
Zoning A-1, R-4

Interior Features

Appliances Included None
Floors Other (See Remarks)
Gas SW Gas
Total Number of Units 32.00

Exterior Features

Sale Includes Land & Building
Const - Finish Other (See Remarks)
Covered Parking Spcs 0.00
Lot Size Dimensions IRR
Total Parking Spcs 0.00

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 85034

Price
AVG $1.05M
$1.8M
Taxes
AVG $2,613
$7,668
Visits
AVG 260
208
Year Built
AVG 1978
1930
Walkscore
AVG 52
44
Data Provided by Walkscore ® not using MLS data

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