2601 E Paradise Lane, Phoenix, AZ 85032
- $499,000
- List Price
- $499,000
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- 7095968
- City
- Phoenix
- Year Built
- 1984
Property Description
Situated on an expansive 35,480-square-foot (approximately 0.81-acre) lot in an evolving North Phoenix neighborhood, this R-3 zoned property presents a compelling opportunity for investors, developers, and visionaries looking to capitalize on the area's continued revitalization and long-term growth potential. Previously operating as a six-unit residential compound with multiple income-producing residences, the property offers a unique opportunity to reimagine its next chapter. The site has sustained significant fire damage, with only one of the original buildings remaining standing, creating an opportunity to explore redevelopment, reconstruction, or an entirely new residential investment concept. With its generous lot size, established residential surroundings, and convenient proximity to major transportation corridors, shopping, dining, and employment centers, the property offers an attractive foundation for a potential income-producing development. Whether envisioning multifamily housing, a thoughtfully designed residential compound, or another permitted use, the possibilities are worth exploring. An opportunity to acquire a substantial parcel in an evolving North Phoenix location and unlock its future potential. Buyer to verify zoning, allowable density, development requirements, and feasibility with the City of Phoenix.
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Additional Information
- Taxes
- $2,098
- Units
- 6
- Flooring
- Ceramic Tile, Other
- Parking Features
- Other
- Construction
- Block, Painted
- Roofing
- Built-Up, Composition
- Cooling
- Central Air, Heat Pump, Electric
- Heating
- Electric
- Zoning
- R-3
- Subdivision
- Kay Acres
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Sewer
- Public Sewer
- Tenant Pays
- See Remarks
- New Financing
- Cash
- Elementary School
- Whispering Wind Academy
- Middle School
- Explorer Middle School
- High School
- Paradise Valley High School
Courtesy of Keller Williams Realty Sonoran Living. 480-948-3338
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