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$420,000
6726810 MLS
Seller says highest and best use to lot split into 3 half acre lots ! - 1602 W. Olney Ave, Phoenix, AZ, 85041 - 2-acre lot - Zoned R10 - one house per 10,000 sqft lot - Former fire damage property - Recently been scrapped - Water meter on site - use to be on septic tank - Access to water less that 50 yards away INFORMATION FROM SELLER: Active comps are at 1.2 - 1.7 mill for a product that is over 4,000 sq ft with over 12k lots - 8503 S 9th dr, phoenix az, - Active at 1.3 mill Sold comp at 1.7 mill sold 2 months ago that really helps substantiate the values for larger builds that will help new build projects to price out for us - 1009 W Ardmore rd., Phoenix, AZ, 85041 numbers for build-out for 3 Lots 20k lots with 4000 sq ft houses (type of product I think should be built) Homes are worth 1.5 mill plus for resale Cost per lot (2 payoff notes) 160k a lot X 3 = 480k (Cost for the dirt) Cost for Infrastructure at 70k per lot X 3 = 210k Build out $200 sq ft X 4000 sq ft = 800k x 3 houses =2.4 mill Total cost (not including holding cost) = $3,090,000 List all 3 new builds for 1.5 mill X 3 = $4,500,000 Total profit: $4,500,000 - $3,090,000 - $337,500 = $1,072,500 Return on Cash: $1,072,500 / $3,090,000 = 34.7% ROI (cash on cash) Holding cost: $3,090,000 X 10% = $463,500k for 18-month Final ROI: $609,000 / $3,553,500 = 17% Cash on cash Final ROI Some May View ROI: 19.7% (if you don't add holding cost to cash basis)

1602 W Olney Avenue Unit -, Phoenix

Listing courtesy of Listing Agent: Gregory P Johnson (602-717-5115) from Listing Office: United Southwest Realty.

Selling Office: eXp Realty.

$600,000
6726450 MLS
Price REDUCED!! Ranchers, Builders, Entrepreneur's, 6+ ACRES just minutes away from I-17 - Microchip plant, Cave Creek, Lake Pleasant, Here is your opportunity to take advantage of re-designing these lots, 6+ Acres in total, 4 parcels included 211-53-058 D, E, F & G. The old original home has burned and needs to be scraped. HUGE PLUS, City water is connected and on, Power is at the property as you can see, but turned off for it needs repair and a new power meter The house had a septic but not useable now and there is an old well on parcel G. It has water, but needs work to make operational - Well # 55-636804. Buyers to do your verification and confirmation of any important information on Flood plain and Flood Zone building, for there is room to build other homes within these lots!! Sewer connect is a possibility from 7th ST area. Seller will consider reasonable offers!!

35035 N 3rd Street Unit -, Phoenix

Listing courtesy of Listing Agent: Dave Covey (602-526-6023) from Listing Office: HomeSmart.

Selling Office: Non-MLS Office.

$240,000
6725946 MLS
Incredible development opportunity in the Oakland Historic District, just minutes from downtown Phoenix. This offering includes 2 contiguous R-5 zoned lots totaling 12,600 SF, with potential for up to 12 multi-family units or two custom single-family homes with detached ADUs. The existing structure is a teardown, & the property is sold for land value only. This area is undergoing rapid revitalization with new construction, renovated historic homes, & increasing investment. Conveniently located near Roosevelt Row, ASU Downtown, Valley Metro light rail, & the Grand Avenue Arts District. Ideal for developers or investors seeking strong long-term upside in one of Phoenix's most promising urban neighborhoods. Cash offers only. Buyers to complete all due diligence prior to submitting an offer.

1522 W Fillmore Street Unit 6 & 7, Phoenix

Listing courtesy of Listing Agent: Dan Gonen (888-554-6636) from Listing Office: RE/MAX Excalibur.

Selling Office: Revinre.

$200,000
6714451 MLS
Buildable Lots for Sale in Desirable East Central Phoenix Neighborhood Lots are just over 6800 sq ft and offer the rare opportunity to build your dream home in this charming and up-and-coming area near Arcadia in east central Phoenix. Each lot measures 51 feet wide by 142 feet deep, providing almost 7,000 square feet of buildable land. All utilities are conveniently located at the street. No HOA fees, these lots include plans for a single-level home featuring approximately 2,011 square feet of living space, 4 bedrooms and 2 bathrooms. Buyers have the flexibility to choose one of the mid-century modern designs or work with an architect on custom plans. Nearby amenities include shopping, dining and parks. Don't miss this opportunity to build your new home in a desirable Phoenix neighborhood.

2327 N 29th Street, Phoenix

Listing courtesy of Listing Agent: Steve Valentine (602-854-8475) from Listing Office: Real Broker.

Selling Office: Non-MLS Office.

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