Entity Owned Property summary
The property is a multifamily site in Phoenix, Arizona, consisting of two separate buildings that have been reduced to the studs, with construction permits reported as in progress. Based on existing plans, the current structures are configured to allow the creation of 9 units; an alternative option described in the plans includes adding a second story to increase potential capacity to 14 units. The east building is approximately 2,490 square feet, and the west building is approximately 3,109 square feet. The property is zoned R-5 multifamily, and the site has documented planning materials indicating potential suitability for conversion to a community residence facility.
Property profile
VerifiedCap rate & NOI
Current use
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Physician
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
R-5 · Phoenix, AZThe purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The purpose of R-5 is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-5 in Phoenix, AZ.
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