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2501 N 11TH Street, Phoenix, AZ 85006
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Description
Supplements: Sherwin Williams paint and features lovely wood cabinetry, historic hallway built-ins, and historic casement windows that purists will appreciate. Both bedrooms are larger than average size for Coronado and include double door closets for ample storage. A dedicated laundry room adds convenience to daily living. Natural light pours through the windows, creating a warm and welcoming atmosphere in every room. This home sits in the heart of one of Phoenix's most friendly, walkable neighborhoods where community events bring people together and neighbors actually know each other. You're just steps away from beloved local spots including Coronado Restaurant, Dark Hall Coffee, Sunshine Market, the Oak Street Alley mural, Cartel Coffee, the 7th St restaurant corridor, and the Oak Street bike path. Everything you need is within walking or biking distance! This corner lot with alley access offers 3 points of egress onto the property, a rare feature that significantly expands options for buyers. The R-3 zoning allows for three more units to be built on the property, including the ability to build 2-story structures. The current maximum lot coverage with carport is approximately 1,300 sf, and if the carport is removed a buyer can add 1,500 square feet on the ground of square footage. This could support a 2-story building with 1,500 square feet per level (3,000 total square feet!) With 3 additional units allowed, envision townhome-style development, or a combination such as a garage conversion for one unit plus 2 additional new builds. Recent ADU law changes have revised setbacks, making the existing garage eligible for conversion to livable spacea possibility that didn't exist before. The well built, permitted garage structure is ready for transformation, and the development possibilities are extensive: from creating modern townhomes to a thoughtful mix of converted and new construction units, the updated ADU regulations open doors that were previously closed. Whether you're looking for a charming home to enjoy as-is in this vibrant, walkable community, or you're envisioning the income-generating possibilities this unique corner lot offers, 2501 N 11th Street delivers both character and opportunity. The home is in good condition and is able to be conventionally financed available. Don't miss this rare combination of mid-century charm, walkable urban living, and development potential in beloved Coronado!
More Information MLS# 6931045
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