Address
1063 W 5Th Street Tempe, AZ
Price
$ 375,000
Property Attributes
  • MLS#6202587
  • TypeLand
  • CountyMARICOPA
  • CityTempe
  • NeighborhoodTreble
  • Zip85281
  • StyleResidential Lot
  • Taxes$ 994
  • Price$ 375,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size10,454 SqFt
Listing Provided Courtesy Of:
Coldwell Banker Realty
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

*Fabulous Investment Development Opportunity in an ''Opportunity Zone'' in Tempe*For Investors looking to Reinvest 1031 Exchange Funds, this is truly an ''Opportunity'' Waiting to Happen*Infill Lot, Subdivided for Possibility of 3 Detached Properties & a Common Area*Parking Spaces Already Accounted for in the Common Area Parcel/Lot*Private Easement Roadway for Access off of 5th St.*Close Proximity to ASU, Mill Ave. & Tempe Amenities*Zoned R-3*30' Building Height Restriction*Conceptual Drawings & Plans (which are now expired) filed with the City of Tempe*Truly a Rare Find*

Elementary School Middle School High School
Scales Technology Academy Elementary School Gililland Middle School Tempe High School
Price History
3/5/2021 Listed $400,000
4/9/2021 7% - $375,000

General Features

Development Status Raw Land, See Remarks
Electric APS
Elementary School Scales Technology Academy
Gas Y/N SW Gas
HOA Y/N No
High School Tempe High School
Map Code/Grid R36
Middle School Gililland Middle School
New Financing 1031 Exchange, Cash, Conventional
Present Use Residential Lot
Property Type C
School District 003 - Tempe School District
Sewer Sewer - Available
Special Condition N/A
Status Active
Subdivision TREBLE
Tax Year 2020
Use Restrictions Existing Easement
Water City Franchise
Zoning R-3

Exterior Features

Public Remarks *Fabulous Investment Development Opportunity in an ''Opportunity Zone'' in Tempe*For Investors looking to Reinvest 1031 Exchange Funds, this is truly an ''Opportunity'' Waiting to Happen*Infill Lot
Apx Total Acres 0.24
Apx Total Acres G/N G
Distance to Electric Under 350 Feet
Distance to Water Under 350 Feet
Fencing Block
Horses No
Land Configuration Square Rectangular
Land Features Other, See Remarks
Lot Size 50.01 x 208.94
Parcel Size .0 - .24 Acres
Potential Use Multi-Family, Single Family

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 85281

Price
AVG $710K
$380K
Taxes
AVG $2,384
$994
Visits
AVG 273
326

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