4220-4248 N 32nd St. #-, Phoenix, AZ 85018

This highly-desirable half-acre parcel is located in the prestigious camelback corridor. The property is just southeast of the Biltmore Resort between Camelback Road & Indian School Road on 32nd st and consists of 2 contiguous parcels, APN 163-01-038 (8,494 SF) & also APN 163-01-043D (12,197 SF). The R-5 zoning allows a maximum height of 4 stories or 48 feet with 50% lot coverage. This area continues to support new high end multifamily developments and is characterized by a unique mix of mid century ranch style homes. Rental growth in the area is very strong with nearby luxury 2 bedroom/2 bath units renting for $1,900+ per month.