Residential Land for Sale in Phoenix, Arizona

2045 E Michigan Ave Phoenix, AZ 85022

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$376,000
0.31 acres
Active sale agoEst $3,567/mo

NO HOA - READY FOR MULTIFAMILY - ALL UTILITIES ON PROPERTY - Welcome to an exceptional real estate opportunity in a thriving community! These two contiguous parcels, zoned for high-density multifamily development, come with a valuable bonus - a manufactured home on each property that can generate income as you plan your development. This unique feature ensures immediate revenue, making this investment practical and promising. Strategically located near major freeways, schools, and a variety of dining and shopping options, these parcels are perfectly positioned for a multifamily development. Notably, a large parcel across the street is already capitalizing on the same development opportunity, highlighting the strong demand for multifamily housing in the area.

Directions

Located between Cave Creek Rd & 20th St and Union Hills & Bell Rd.

Property details

Coordinates
33.6511, -112.0375
Community
New Bell Park
School District
Paradise Valley Unified District
Zoning
R4-A
Elevation
1,450 feet
MLS Number
ARMLS 6618440
Date Listed

Legal description

Parcels

  • 214-71-153

Property taxes

2022
$481

This 0.31-acre property is located at 2045 E Michigan Ave in Phoenix, AZ 85022 with latitude 33.6511 and longitude -112.0375. The property is currently available for sale for $376,000 with a price per acre of $1,212,903. Listing data is sourced from Arizona Regional Multiple Listing Service # 6618440.

Verify sale details at the property source or contact HomeSmart at (602) 230-7600.

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Copyright (C) 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Listing checked and updated . Parcel data by Regrid.

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