646 N 10th Ave., Phoenix 85007
Price $395k
R-5 High Density Lot in Hot Triangle Neighborhood Build up to 28 units; or Rehab the existing 12 units
  
   
 Cross-streets: 7th Ave & Roosevelt- Currently 12 units, partial fire damage
- Can be replaced with High Density Project
- ~ 34,300 s.f. (projected livable s.f.)
- Lot Size - 18,250 s.f.
- Taxes: $6,460/yr (2016)
- APN: 111-29-179
Features/Amenities - Zoning R-5 High Density
- Excellent Location with Up and Coming Triangle Neighborhood – bordered by 10th Ave to the east, McKinley to the north, a nice Park and alley to the west, and an empty lot to the south!
- See attached Pro-Forma estimating potential new building featuring 28 modern units. The top 21 units are 1,400 sq ft each (35ft x 40 ft). The 7 bottom units are about 700 sq ft (20ft by 35ft), in order to accommodate the parking
- The alley behind 10th Ave (between this property and the park) is becoming a pedestrian alley with murals and will be a featured area in this community, in addition to being an excellent foot traffic route to the shops on Grand Ave. Just steps from Third Space, Grand Avenue Pizza Company, and more!
- Great development opportunity – see picture link for more renderings of how cool this project can be. Then check out the link to the Pro-Forma.
- Also check out our other property on this same block – 606 N 10th Ave
Deal Structure: Off Market. $5k Non-Refundable Earnest Money to secure. Access: Vacant - Call or Email for Access |