Prime Development Opportunity!! This high-density residential-zoned lot offers the potential for up to 24 units with 110' of prime frontage along McDowell Road. Situated in a Qualified Census Tract (QCT), the property is eligible for Low-Income Housing Tax Credits, making it an ideal investment. With an annual average household income of over $80,000 within a 1-mile radius, the area is ripe for development. Don't miss out on this rare opportunity!
Share Property
Location
4007 W McDowell Road 623, Phoenix, AZ 85009
Status
Sold
Date Sold
December 9, 2024
Property Amenities
Area & Lot
Lot Area0.42 Acres
MLS® ID6759712
TypeLand
StatusSold
Exterior
Water SourceCity Franchise
SewerPublic Sewer
Finance
Sales Price$260,000
Real Estate Tax$1,103 yearly
Work With Us
With experience and expertise in multiple facets of the business have given us the skills to deal with any transaction, regardless of the type or price point.