$575,000
$650,000
11.5%For more information regarding the value of a property, please contact us for a free consultation.
5231 N 17TH Avenue #5 Phoenix, AZ 85015
0.55 Acres Lot
Key Details
Sold Price $575,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Nile Tract Block 2
MLS Listing ID 6244056
Sold Date 10/29/21
HOA Y/N No
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Annual Tax Amount $890
Tax Year 2020
Lot Size 0.549 Acres
Acres 0.55
Lot Dimensions .55
Property Description
Take advantage of an excellent infill location within the new high-density MF/Condo Zoning Qualified location for The Walkable Urban Code (WU Code). The new code is part of the REINVENTPHX Program. The code regulates development and was created to replace existing zoning to allow for higher urban density along the light rail:
• 48' – 4 Stories
• Higher density with less parking per unit
• 50+ units possible by combining both parcels
VALUE-ADD Assemblage possible with adjacent apartment property--See MLS #6244051
Location
State AZ
County Maricopa
Community Nile Tract Block 2
Zoning R-3
Direction North to property on east side of street
Exterior
Waterfront No
Building
Lot Description See Remarks, Other
Sewer Septic Tank
Water City Franchise
Others
Senior Community No
Tax ID 156-39-034
Acceptable Financing CTL
Horse Property N
Listing Terms CTL
Financing Cash
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