1201 S Farmer Avenue Unit #1, Tempe, AZ 85281

$365,000
List Price
$365,000
Days on Market
18
Status
ACTIVE
MLS#
6033319
City
Tempe
Lot Size
8,755
Subdivision
Farmers Blks 4-5 & Pt 3, Lots 6-9

Property Description

Investors infill opportunity. Value is in the land. The existing home can be torn down and removed for redevelopment. Owner states City of Tempe has confirmed that per zoning the lot can accommodate 4 dwelling units. 85281 is undergoing large redevelopment phases and this property is located in the most desirable areas of Tempe! MultiFamily and Town Homes are under construction, new retail opening, Whole Food market just opened 2 blocks away, 1/2 mile from ASU and in the heart of Downtown Tempe. Be a part of the changing landscape and capitalize on a lucrative investment property. Buyer to verify zoning/density.

Additional Information

Elementary School
Holdeman Elementary School
High School
Tempe High School
Middle School
Gililland Middle School
School District
213 - Tempe Union High School District
Acres
0.2
Electric
SRP
Existing Land Use
Residential Lot
Gas
SW Gas
Land Configuration
Square Rectangular
Lot Size
8,755
New Financing
Cash, Conventional
Parcel Size
.0 - .24 Acres
Sewer
Sewer - Public
Pool
Yes
Subdivision
Farmers Blks 4-5 & Pt 3, Lots 6-9
Taxes
$2,430
Tax Year
2019
Unit Number
1
Water
City Franchise
Zoned Presently
Single Family, Multi-Family
Zoning
R3

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of My Home Group Real Estate.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.