Price
$ 750,000

3130 N 37TH Street, Phoenix, AZ 85018  

3130 N 37TH Street, Phoenix, AZ 85018  

Three Pines Apartments is an 8 unit multi-family offering sitting on two (2) tax parcels which total 40,142 square feet- or 0.92 Acres. With this desirable Arcadia Lite / Citrus Acres location this offering represents a prime redevelopment opportunity. While there are 8 rental units on the property, the condition and functionality of the improvements may not qualify as a viable 'value-add' effort. The nearly 1 acre lot size with R-3 zoning may best be suited for redevelopment. Offered at a price of $18.68/sf the scraped lot would allow the developer a low enogh land cost basis to build contemporary townhomes or apartments able to compete for the growing demand for modern living space in this desirable Arcadia Lite neighborhood.

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Listing Type
Multi-Family
Listing ID
5612518
Lot Size
irreg
Listing Status
Active
Year Built
1979
County
Maricopa
Subdivision
Citrus Acres Lots 21-60
County School District
Phoenix Union High School District
Zoning
M-M, R-3
Taxes
4032.0
Listing courtesy of Kasten Long Commercial Group
Houses for Sale Nearby
    Listing Information Provided By:
    RE/MAX EXCALIBUR
    8510 E Shea Blvd Ste 100 Scottsdale, AZ 85260 | Phone: (480) 355-3500
    License #: CO002532002
    EACH OFFICE INDEPENDENTLY OWNED AND OPERATED.