An income producing property with the potential to take advantage of a high density development implementing the Walkable Urban Code which could potentially allow up to 24 Units on the parcel. Located in the heart of the Solano District and a part of the REINVENT PHX program invented to create and attract investment development. New Zoning Ordinances adopted by City Council allowing a higher density with the Walkable Urban Code (WU) REINVENTPHX is committed to developing a walkable, opportunity rich community connected to the light rail. The property consists of 4 1-bedrooms, 1 2-Bedroom and a 2 Bedroom House. A total of 3 buildings. The units have recently undergone an extensive quality renovation and upgrade. Individually metered for electricity with ample parking. Washer and Dryer hookups available with each unit. House has NOT been updated to the level of apartments in anticipation of replacement with another multi-unit building. Rents are substantially below current market values in the neighborhood. This property also has potential for charging RUBS to offset water/sewer/trash/owner electricity expenses (also typical for surrounding properties). This is a definite VALUE-ADD opportunity!!! Adjacent parcel is also available for assemblage at $650,000. See separate listing for details MLS #6244056.
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Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.