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Phoenix Lot – Opportunity to Rezone for Higher Density
Introducing a prime vacant multifamily development lot nestled between existing income-producing apartments and single-family residences in a rapidly growing pocket of Central Phoenix. This ±0.43-acre infill parcel is flat, cleared, and ready for your next build. Development Highlights:
Surrounded by existing apartment complexes (e.g. “Spanish Place”)
Zoned R-3 with potential to build up to 7 units by right
Rezoning potential to R-4 or R-5 allows up to 18+ units
Utilities nearby – ideal for low site prep costs
Dense rental corridor with high occupancy and demand
Neighborhood Growth:
Located just minutes from Sky Harbor Airport, Loop 202, Downtown Phoenix, and Arcadia, this corridor is seeing consistent investment and rising rents. Modern multifamily units in the area are achieving strong price points and investor interest.
Perfect For:
Build-to-rent townhome developers
Boutique multifamily investors
Syndicators seeking value-add infill
Long-term hold for rental cash flow
No structures on the property vacant land
Parcel Number: 120-20-058
Lot Size: 0.43 Acres / 18,731 SQFT
Zoning: M-M
Flood Zone: X
Title: Clear Title Agency
COE: 5/30/2025
Right now without any rezoning you can build 6-7 Units
If you rezone under R-5 it you can fit 17-18 units
CALL OR TEXT (480) 210-2120
All feedback is welcome! All reasonable offers will be considered! Need to Sell a Deal?
Let’s JV
OFF-MARKET INVENTORY
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Disclaimer:
House is being sold as-is, and the buyer is to pay all closing costs. 5,000 EMD. Non-Refundable earnest money to be deposited within the same business day contract is executed or the contract will be canceled. Buyer must close with cash or a hard money loan.
The buyer is not relying on any representations, whether written or oral, regarding the properties above. Price based on a cash or hard money offer and is net to seller. Buyers to do their own independent due diligence.
Buyer must do your own due diligence, evaluation and inspection prior to making an offer. Determining value is the buyer’s responsibility. Seller strongly recommends buyers employ an Investment Realtor to help determine value. Any reference to the value of a property by the Seller or any representative of the Seller is an opinion of value. Everyone has a differing opinion on value, cost of construction, materials, quality of workmanship and market speculation. Value is ultimately the buyer’s responsibility and they should be diligent in determining market value.
REALTORS:
If you are currently working with a client, and wish to receive a commission, please note that the wholesale price does not include your commission. You may want to negotiate a commission with your client separate from the wholesale price or you may adjust the wholesale price upwards to include your commission.
WHOLESALERS:
If you’d like to JV on this deal send us a text message, email, or call to let us know you are going to be sharing our deal with your investors.
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