Listing MLS# 6863351 Tempe AZ Real Estate
Please contact Barbara Baker at 928.301.0669 for more information on this property! I specialize in Tempe AZ real estate, Orth Subdivision - Tempe real estate for sale, Tempe, AZ homes for sale and Tempe real estate and Tempe homes.
Tempe, AZ 85281
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- N/AYear Built
- 0.19Acres
- N/AEst Age
- MLS# 6863351
- Land
- Land
- Active
- Approx Time on Market4 months, 26 days
- AreaMaricopa
- CountyMaricopa
- Subdivision Orth Subdivision
Overview
Calling all investors and builders/developers!! This is a VERY RARE opportunity to own a property just a few blocks away from Mill Ave!! Located on one of the best streets - 5th St! Great R3 zoning! Large 8,300+ sf lot! New construction abounds! Urban infill at its best! - there is a new 50m+ upscale mid-rise project directly across the street that is just being completed! And less than 100 yards to the east is Farmer Ave, where hundreds of millions have been spent on a variety of commercial, multifamily, and mixed used developments, including the new Westin Vib hotel! Only a block to the Tempe Streetcar, which connects to the Light Rail, which is less than 2 min away! Walk to ASU, Mill Ave, Tempe Town Lake and more! This is a GREAT AREA R-3 ZONING, large/deep lot!! Perfect location for new condos/townhomes to build and sell. This is also a Great location to build luxury townhome rentals for students! There are models with 4 bed/5 bath that builders are constructing with huge cash flow and they are much further away from ASU and Mill Ave etc. Zoning should allow for 3 units but check with city as owner/agent makes no guarantees. Imagine the views from the 3rd floor rooftop balconies of the West 5 towers and the Tempe skyline, plus the mountain views!! At 900k that's just 300k per unit land cost (if you build 3 units)!The home on this property was updated in 2021 when the current buyer purchased it, and it's currently rented for 2,250/mo, it's a mo to mo lease, tenants have been there for since current owner purchased the home. Drive by only, do not disturb the tenants! Thank you!! 5 min to 202 Freeway, 10 min to Sky Harbor Airport, 15 min to downtown Phoenix, and much more!
Agriculture / Farm
Horse: No
Association Fees / Info
Hoa: No
Bathroom Info
Exterior Features
Pool Private: No
Fencing: Block, Chain Link
Garage / Parking
Garage: No
Attached Garage: No
Interior Features
Fireplace: No
Lot Info
Lot Size Units: Acres
Lot Features: See Remarks, North/South Exp
Lot Size: 50 x 168
Topography: Level
Lot Sqft: 8375
Other
Special Listing Conditions: FIRPTA may apply
Other Structures: Residence
Other School Info
Property Info
Road Surface Type: Asphalt, Curb(s) & Gutter(s), Sidewalk(s)
Zoning: R-3
Possible Use: See Remarks,Multi-Family
Property Attached: No
Tax Info
Tax Legal Description: LOT 6 ORTH SUB MCR 003340
Tax Amount Annual: 1347
Unit Info
Unit: 6
Utilities / Hvac
Water Source: City Franchise
Electric: APS
Cooling: No
Heating: No
Sewer: Public Sewer
Waterfront / Water
View: City Lights, Mountain(s), City
Water Front: No
Schools
Elem: Scales Technology Academy
Middle: Geneva Epps Mosley Middle School
High: Tempe High School
Directions
From Mill Ave, take 5th St, go 3 blocks west and the property is the 3rd property on your left past Farmer Ave.
Listings courtesy of Windermere Real Estate & Property Management
MLS# 6891318 
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