1815 W SAHUARO Drive, 12, Phoenix, AZ 85029
$2,499,000
Property Type:
Land
Lot Size (sq. ft.):
42,233
Status:
Active
Current Price:
$2,499,000
List Date:
1/21/2025
Last Modified:
5/24/2025
Description
Prime Mulit-family (40 unit) Apartment Development Opportunity. The property which is just over an acre has operated as a small (14) unit rental community comprised of (12) individual buildings. The property has been approved for redevelopment with the opportunity to build a 40-unit Apartment Building consisting of 1bd, 2bd & 3bd units. Located near 19th Ave and Peoria this property is just minutes from the I-17 with the North Mountain Preserve walking distance away. There may be opportunities to qualify for some tax incentive programs. The property currently is vacant and buildings are secured. Drive-by is OK. Additional information related to the PUD and details related to this development can be provided by the listing agent.
More Information MLS# 6808347
Contract Information
Current Price: $2,499,000
List Price: $2,499,000
Status: Active
List Date: 2025-01-20
For Sale or Lease?: Sale
Type: Exclusive Right To Sell
Location Tax Legal
House Number: 1815
Compass: W
Street Name: SAHUARO
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 5097
Country: US
County Code: Maricopa
Assessor Number: 159-13-012
Subdivision: ARBOR HOMES
Tax Year: 2024
General Property Description
Apx Total Acres: 0.97
Apx Total Acres G/N: G
Price Per Acre: 2576288.66
# Lots in Listing: 1
# Units Allowed: 40
Apx SqFt: 42233
Price Per SqFt: 59.17
Apx SqFt G/N: G
Lot Size Dimensions: 304x146.5x304x125
Horses: N
Zoning: Multifamily
Flood Zone: TBD
High School District: Glendale Union High School District
Remarks Misc
Cross Street: 19th Ave/Sahuaro
Directions: North of Peoria Ave off 19th Ave.
Geo Lat: 33.583402
Geo Lon: -112.098386
Status Change Info
Status Change Date: 2025-01-21
Legal Info
Township: 3N
Range: 3E
Section: 19
Lot Number: 12
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Special Listing Cond: N/A
Existing Land Use: Residential Lot; Other (See Rmks)
Zoned Presently: Multi-Family; Planned Unit Devlp
Potential Use: Multi-Family
Parcel Size: .50 - .99 Acres
Current Density: 11 - 15 Units P/Acre
Proposed Density: 36 - 40 Units P/Acre
Development Status: Plans Available; Plans Included; On Site Imp Needed
Land Features: North/South Exp
View: Mountain(s)
Land Configuration: Square Rectangular
Road Responsibility: City Maintained Road
Topography: Level
Existing Structures: Residence; See Remarks
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
New Financing: No Carry
Environmental: None
Showing Notification Methods: No Notification Required to Show
Lockbox Type: None
Fencing: Block
Listing Office: Petersen Realty
Last Updated: May - 24 - 2025
Broker Attribution:
6024100228
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