3715 Laurelhurst Ave, Phoenix, AZ 85019
This exceptional 1.25-acre parcel in Phoenix, AZ (APN 145-13-300), is zoned R2 and offers a remarkable opportunity to develop eight single-family homes. The property boasts a highly desirable location near Grand Canyon University, ensuring strong demand and potential for significant return on investment. Utilities are already in place, including water hydrants, with sewer and water lines conveniently located nearby. Each of the twelve individual lots (APN numbers 145-13-308, 145-13-306, 145-13-305, 145-13-304, 145-13-303, 145-13-302, 145-13-300, 145-13-309, 145-13-301, 145-13-307, 145-13-299, and 145-13-310) comes with its own APN, simplifying the development process. This fee simple ownership provides complete control and flexibility. The asking price for this ready-to-build land is $1,350,000. Prospective buyers are advised to independently verify all information deemed material to their purchase decision. This represents a unique opportunity in a rapidly growing area with excellent potential for future appreciation. Don't miss this chance to capitalize on the thriving Phoenix real estate market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.