Price Reduction
Address
16640 N 25Th Street Phoenix, AZ
Price
$ 164,500
Property Attributes
  • MLS#5644820
  • TypeLand
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodKay Acres 2 Lots 15 - 16 - 18 Blk C
  • Zip85032
  • StyleResidential Lot
  • Taxes1391
  • Price$ 164,500
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.43 Acres
Listing Provided Courtesy Of:
HomeSmart
Property Description

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.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
8/10/2017 Listed $179,500
9/7/2017 9% - $164,500

General Features

Listing Status Active
New Financing Cash, Other (See Rmks), Conventional
Potential Use Single Family, Office, Commercial, Multi-Family
Present Use Residential Lot
Property Type C
Public Remarks 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
Special Condition N/A
Subdivision Y/N KAY ACRES 2 LOTS 15, 16, 18 BLK C
Type ER
Zoning R-3

Interior Features

Electric APS
Gas SW Gas

Exterior Features

Tax Year 2016
Apx Total Acres 0.43
Apx Total Acres G/N G
Fencing Block
Land Configuration Pad Site, Square Rectangular
Lot Size Approx. 150 x 125
Parcel Size .25 - .49 Acres
Sewer Sewer - Public, Sewer - Available
Water City Franchise

Amenities

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

Property vs Zip Code Average in 85032

Price
AVG $280K
$160K
Taxes
AVG $2,304
$1,391
Visits
AVG 40
21
Walkscore
AVG 46
54

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