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5810 N 59th Ave - Land for 55 Units READY TO BUILD - Glendale
3.51 Acres of Residential Land Offered at $1,595,000 in Glendale, AZ 85301
Investment Highlights
- 3.5 acre parcel with plans for 55 units
- 2 story maximum for Glendale R-4 zoning
- Ready to Build
- Construction docs approved and ready for permit to be pulled
- 70% Spacious 2 BR, 2 BA 1,122 SF units with split floor plans and balconies
Executive Summary
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $1,595,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 3.51 AC |
| Price | $1,595,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 3.51 AC |
1 Lot Available
Lot
| Price | $1,595,000 | Lot Size | 3.51 AC |
| Price Per AC | $454,416 |
| Price | $1,595,000 |
| Price Per AC | $454,416 |
| Lot Size | 3.51 AC |
READY TO BUILD, PERMITS READY TO BE PULLED. City approved construction docs ready to go for a 55 unit modern apartment development. Fantastic rental area near downtown Glendale. 70% 2 BR/2 BA design with washer dryer, individually metered, and nice.
Description
The proposed project will consist of the development of a vacant site of approximately 3.5 acres into 55 rental apartment units with supporting parking, and amenity areas. The apartment units will be contained within two two-story buildings arranged between a courtyard area containing a pool, spa, shaded ramada, and BBQ grill. Other provided amenities include a storage area in the panhandle of the property, allowing extra income to owner. Panhandle area can also allow for a great dog run, and exercise path along a landscaped retention area. Generous garden and landscaped areas will be provided to create a pleasing setting for the buildings, and to create useable outdoor spaces for the residents.
zoning
| Zoning Code | M-H (R4) |
| M-H (R4) |
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Carrick Sears -
SVN | Desert Commercial Advisors
Presented by
5810 N 59th Ave - Land for 55 Units READY TO BUILD - Glendale
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