1916 Hayden Ln Tempe, AZ 85281-4498

This exceptional investment opportunity presents a fully permitted 13-unit, three-story townhome development in the thriving Tempe, Arizona market. Located at 1916 E Hayden Ln, 85281, this prime location sits conveniently between McClintock Drive and Smith Road, and University Drive and Apache Boulevard, offering easy access to downtown Tempe and major transportation arteries. City-approved construction documents are available, streamlining the development process and minimizing delays. Each of the modern townhome units boasts a private washer/dryer, individually metered utilities for efficient cost management, and spacious balconies, enhancing tenant appeal and rental income potential. The asking price for this turnkey project is $1,300,000. This represents a significant opportunity to capitalize on the strong rental demand in Tempe's dynamic rental market. The property is classified as land and multifamily, specifically an apartment building, making it an attractive investment for both experienced developers and those seeking a high-return, low-risk venture. Don't miss this chance to acquire a ready-to-build project with all the necessary approvals in place. Contact us today to learn more about this exciting development opportunity.