$700,000
$985,000
28.9%For more information regarding the value of a property, please contact us for a free consultation.
1414 N 5th Street #7 Phoenix, AZ 85004
4,253 Sqft Lot
Key Details
Sold Price $700,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision East Evergreen Addn Blks 3-6, 11&12
MLS Listing ID 6597067
Sold Date 10/23/23
HOA Y/N No
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Annual Tax Amount $9,205
Tax Year 2022
Lot Size 4,253 Sqft
Acres 0.4
Lot Dimensions 85' x 205'
Property Description
This exceptional development opportunity blends historical preservation with modern potential. The 25,860 SF corner lot (17,399 SF net) is your canvas for a 25-unit project, featuring 13 studios and 12 1-bedroom units. Zoning allows 43.5 units/acre with a 65-foot height limit, offering creative freedom.
Nestled near Downtown Phoenix, ASU, and the I-10 Freeway, this property ensures connectivity. The Phoenix Light-Rail, just half a mile away, enhances accessibility. Plus, Roosevelt Row, a vibrant hub for dining and nightlife, is a mere 0.5 miles, making this property truly remarkable.
Location
State AZ
County Maricopa
Community East Evergreen Addn Blks 3-6, 11&12
Zoning C-DTC-EEVER
Direction Exit 7th Street North, Left on McDowell, Left 5th and Continue to Willetta, and it will be on the North-West corner.
Exterior
Fence None
Topography {\"Level\":true}
Building
Lot Description Corner Lot
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Kenilworth Elementary School
High Schools Summit Academy
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 111-37-041
Acceptable Financing Other (See Rmks), 1031 Exchange, CTL, Conventional
Listing Terms Other (See Rmks), 1031 Exchange, CTL, Conventional
Financing Carryback
Special Listing Condition Owner/Agent
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Bought with Keller Williams Realty Phoenix