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Kaleb Gutierrez

kalebgutieragent@gmail.com +1(949) 680-5608

$499,000

Est. payment - /mo

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Kay Acres

MLS Listing ID 7095968

Year Built 1984

Annual Tax Amount $2,098

Tax Year 2025

Lot Dimensions 35480 sf/.81 acres

Source Arizona Regional Multiple Listing Service (ARMLS)

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.

Location

State AZ

County Maricopa

Community Kay Acres

Area Maricopa

Zoning R-3

Direction Cave Creek Rd north of Greenway to Paradise.

Interior

Heating Electric

Cooling Central Air, Electric, Heat Pump

Flooring Carpet

Appliance Free-Standing Range, Dishwasher

Exterior

Parking Features Other

Community Features No Pool

Roof Type Composition,Built-Up

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

Elementary Schools Whispering Wind Academy

Middle Schools Explorer Middle School

High Schools Paradise Valley High School

School District Paradise Valley Unified District

Others

Senior Community No

Tax ID 214-40-022-D

Ownership Fee Simple

Acceptable Financing Cash

Disclosures None

Listing Terms Cash

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Listed by Keller Williams Realty Sonoran Living • Andrea D Garcia

NEARBY SCHOOL & BUSINESS

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2601 E PARADISE Lane Phoenix, AZ 85032