55 Unit Multi-Family Investment Property in SE Phoenix
2012 N 51st St, Phoenix, AZ 85008
3.5 acre permitted project ideally situated between Arcadia S, Scottsdale and Tempe
Ready to build (all plans/ permits) 55 two story town homes for rental or sale.
Area is predominantly occupied by a mix of single and smaller multi-family homes
Easy access to 202 Sky Harbor International Airport, downtown Phoenix and Scottsdale
As of 2014, there were 112,707 residents within a 3-mile radius with an average household income of $54,308
On McDowell Rd., W of 51st St. – 39,400 cars per day !!
Permitted and utilities already in S E Phoenix infill for gated community of 55 two level contemporary town-homes with attached garages and individually metered utilities. Project allows for an amenity building and pool area. Plenty of visitor parking and two street entrance/exits. The property is platted for 56 lots all with their own APN number. City of Phoenix has approved all civil permits and all sewer, dry utility and SRP lines have been installed. Seller has pulled 12 permits for 11 units and the amenity building. The remaining permits ready as per development phasing. No vertical construction has been started. Great opportunity ..build for rental or individual sale both underline solid returns.
The property is located between North 50th St. from civic addresses 1849 & 2015 North 50th St, and North 51st St. at civic address 2002 & 2012 North 51st St, Phoenix 85008. The Property is less than a mile and half north of the AZ-202 Loop, providing easy access to Sky Harbor International Airport, downtown Phoenix and Scottsdale.