2632 E Glenrosa Ave. #10, Phoenix, AZ 85016

Multifamily Development Opportunity! R-3 zoned land with numerous projects within the neighborhood selling through new product for $500,000-$600,000 per unit making this a great opportunity. Listing is for two adjacent residential lots totaling 0.41 acres. Assemblage opportunity with the neighboring parcels and build a development from 26th street to 27th street (30+ unit potential). Or simply improve the existing 5 units on the property and increase rents. Recent comps for renovated like kind product has sold for $180,000+ per unit making a post renovation value potential of $900,000+. Buyer to confirm zoning, density, value and all other development issues independently with City of Phoenix.