511 N 10th Avenue Unit 5, Phoenix, AZ 85007
- $250,000
- List Price
- $250,000
- Price Change
- ▼ $24,900 1782173506
- Days on Market
- 113
- Status
- ACTIVE
- MLS#
- 7030970
- City
- Phoenix
- Lot Size
- 6,715
- Subdivision
- University Addition
Property Description
This vacant 6715+/- square foot residential infill lot presents an outstanding opportunity for developers and investors seeking a well-located site in the heart of Phoenix. Zoned R5/R1. The site supports a range of residential development options, including multi-family configurations, making it an attractive choice for urban housing projects. The property consists of 2 parcels(APN 111-30-031 & 111-30-033), delivering strong value in a rapidly growing market. Its proximity to Grand Avenue enhances accessibility & visibility, while the surrounding neighborhood continues to benefit from ongoing revitalization & investment activity At the intersection of Grand Ave and Polk Street, the property offers excellent connectivity to major thoroughfares and is less than a mile from downtown With its central location along Grand Ave in the Entertainment Arts District, flexible zoning, and development potential, this site is well-suited for builders and investors looking to capitalize on Phoenix's expanding residential demand. Seller financing is available: 25% down, 7% over 30 years with a 5-year balloon. 4% prepayment penalty for the first 3 years, no prepayment penalty after 3 years.
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Additional Information
- Elementary School
- Kenilworth Elementary School
- High School
- Central High School
- Middle School
- Kenilworth Elementary School
- Acres
- 0.08
- Electric
- None
- Fencing
- None
- Lot Size
- 6,715
- New Financing
- Cash, Conventional, Owner May Carry
- Lot Features
- North/South Exp
- Subdivision
- University Addition
- Taxes
- $266
- Tax Year
- 2025
- Water
- Other
- Zoning
- R-5
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