1061 W 5TH Street #3 new Save Request In-Person Tour Request Virtual Tour
Tempe,AZ 85281
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Treble
MLS Listing ID 6846759
HOA Y/N No
Annual Tax Amount $333
Tax Year 2024
Lot Size 10,447 Sqft
Acres 0.24
Lot Dimensions 50.01 x 208.94
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Awesome opportunity to build housing a mile from ASU! This project includes all 4 lots plus approved plans for 3 homes plus easement from 5th St done! Possibility of 4 homes with rezoning to R4 which is already on the Master Community Development plans. The other 3 APN's are 124-36-188, 124-36-189, and 124-36-191. All 4 lots total 0.24 AC and are being sold including approved plans - currently expired - needs renewing. Whatever you build, the footprint of the buildings should not cover more than 5000sf with max height - 30 feet. Please check with Lucas at City Planning before writing offer - prior escrow fell out because they did not check with Lucas during DD period. Parents are selling this land after son moved out of state and they (continued in Supplement) cannot finish project without him being here. Updated info seller found out from Tempe City Planning FYI. (Please verify for yourself of course - not to be relied upon.) He said the property is now zoned R3 but could be changed to R4, with preliminary review and a rezoning application. On the Master Community Development plans they already have property as an R4, so it may not be as extensive to change it from R3 to R4, which would expand the number of units (if buyer wants to apply for the rezoning). Seller also learned that if garages were part of the footprint sq ft, it could lend itself to be 4 units rather than 3 units, because of the parking ratio. Hurry before someone else grabs this!
Location
State AZ
County Maricopa
Community Treble
Zoning R-3
Direction On south side of 5th St between Beck and Hardy, just one mile west of ASU. East of Scales Technology Academy Elementary School. Use the adjacent condo entrance/easement access road.
Exterior
Fence Block
Topography Level
Building
Lot Description Other,See Remarks,East/West Exposure
Sewer Sewer - Available
Water City Franchise
New Construction No
Schools
High Schools Tempe High School
School District Tempe Union High School District
Others
Senior Community No
Tax ID 124-36-190
Acceptable Financing Cash,Conventional
Horse Property N
Listing Terms Cash,Conventional