2632 E Glenrosa Ave., Phoenix, AZ 85016

Multifamily re-development Opportunity! Recent sales in the neighborhood for updated like kind product has sold for $180,000+ per unit making this a great investments opportunity. Simply improve the existing 5 units on the property and increase rents that are currently under market. Site is R-3 zoned with numerous projects within the neighborhood selling through newly built product for $500,000-$600,000 per unit making this a great opportunity for re-development into new product. 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). Buyer to confirm zoning, density, value and all other development issues independently with City of Phoenix.