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John Herkenrath

johnherkenrath@epiquerealty.com +1(310) 221-2910

$269,000

Est. payment - /mo

2 Beds

2 Baths

1,264 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,264 sqft

Price per Sqft $212

Subdivision Grand View Annex

MLS Listing ID 7032653

Style Other

Bedrooms 2

Full Baths 2

HOA Y/N No

Year Built 1928

Annual Tax Amount $470

Tax Year 2025

Lot Size 7,253 Sqft

Acres 0.17

Property Sub-Type Single Family Residence

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Investor & Developer Goldmine in the Heart of Phoenix! The true value of this property lies in its exceptional land utility and premium location. Sitting on a 7,253 sq ft lot with R-4 Multi-Family zoning, this site is legally capable of hosting up to 4 units.

The current sellers have already met with the City of Phoenix and laid the groundwork for a premium concept plan: building two brand-new townhomes while converting the existing structure into a third, creating a high-yield 3-unit compound. Concept plans and preliminary designs are ready for review. The sellers are actively working on finalizing these entitlements; buy now at $269,000 in As-Is condition before the price increases once entitlements are fully secured.

Highly attractive for investors looking to deploy ca capital gains, this property is situated within a Qualified Opportunity Zone (QOZ), with adjacent parcels along Portland Street sharing the same active status.

Alternatively, choose to rehab and flip the existing structure in this rapidly up-and-coming neighborhood. The current detached character home features 2 bedrooms, 2 bathrooms, and 1,264 sq ft of potential. Unparalleled urban convenience--just minutes from the Loop 202 and I-10 freeways, downtown dining, nightlife, and schools. Opportunity knocks loud here--bring your vision and capture the upside!

Location

State AZ

County Maricopa

Community Grand View Annex

Area Maricopa

Direction E Roosevelt St, turn on to N 18th St, property will be on your left hand side.

Rooms

Master Bathroom true

Den/Bedroom Plus 2

Separate Den/Office N

Interior

Interior Features Non-laminate Counter, Full Bth Master Bdrm

Heating Natural Gas

Cooling Central Air

Flooring Tile

Fireplace No

Appliance Refrigerator, Built-in Microwave, Dishwasher, Gas Range, Gas Oven, Gas Cooktop

SPA None

Exterior

Parking Features Off Street, Attached Carport, Side Vehicle Entry

Carport Spaces 2

Fence Block, Wrought Iron

Utilities Available APS

View City

Roof Type Composition

Private Pool No

Building

Lot Description Dirt Front, Dirt Back

Story 1

Builder Name Unknown

Sewer Public Sewer

Water City Water

Architectural Style Other

New Construction No

Schools

Elementary Schools Thomas A Edison School

Middle Schools Thomas A Edison School

High Schools Central High School

School District Phoenix Union High School District

Others

HOA Fee Include No Fees

Senior Community No

Tax ID 116-15-069

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Horse Property N

Disclosures None

Possession Close Of Escrow

Listing Terms Cash, Conventional

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Listed by Gentry Real Estate • Mark St. Peter

NEARBY SCHOOL & BUSINESS

"John takes great pride in helping his clients through every step of the buying and selling process. Leveraging two decades of experience in pre-construction, new home sales and market sales exclusive representation. his vast knowledge in brokering home sales within luxury communities and new developments has proven invaluable to his clients."

+1(310) 221-2910

johnherkenrath@epiquerealty.com

3435 E Thousand Oaks Blvd #6354, Westlake Village CA 91359

1010 N 18TH Street Phoenix, AZ 85006