Excellent multifamily investment and development opportunity! This property is zoned for multifamily use and includes City-approved plans for a fourplex with the purchase.
The current owner has already completed a substantial amount of the upfront planning and entitlement work, helping position the property for its next phase of development. Available documentation… Read More includes the approved plans and supporting materials completed to date, along with a proposed layout illustrating the design and functionality of one of the four units.
The location adds to the investment appeal, with convenient access to Luke Air Force Base and the surrounding West Valley employment, shopping, dining, and transportation corridors. Its proximity to the base may be particularly attractive for investors seek a multifamily property positioned near a significant employment center and a potential pool of military and civilian renters.
A compelling opportunity for a builder, developer, or investor to acquire a four-unit multifamily development site with substantial preliminary work already completed--and a location well positioned for future rental demand.
I especially like "potential pool of military and civilian renters" because it sells the Luke AFB angle without making an unsupported claim about guaranteed rental demand. Read Less
Courtesy of W and Partners, LLC, Brooke Watton, 602-828-5767
Listing Snapshot
Days Online
2
Last Updated
Lot Size
0.19 Acres
MLS Number
7079407
Additional Details
Property Access
Road Surface: Asphalt
Disclosures
Boundary Survey Avlb
Lot
0.19 acres, Dimensions: TBD
Property
Mountain(s)
Sewer
Septic Tank
Taxes
Additional parcels description:, Parcel Number: 501-13-062-A, Public Survey Range: 1W, Public Survey Section: 10, Annual Amount: $186, Tax Book Number: 501.00, Legal Description: LOT 142 LUKE FIELD HOMES 159-198 225-244 MCR 006013, Lot: 142, Map Number: 13.00, Parcel Letter: A, Year: 2025, Zoning: M-H
Utilities
Water Source: City Franchise, APS
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