1608 W Sherman Street Phoenix, AZ
$ 224,000
Property Attributes
  • MLS#6205174
  • TypeLand
  • CountyMARICOPA
  • CityPhoenix
  • NeighborhoodNorth Steve Rayburn Sub
  • Zip85007
  • StyleResidential Lot
  • Taxes$ 882
  • Price$ 224,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.33 Acres
Listing Provided Courtesy Of:
Open House Realty
Data Source:
Arizona Regional MLS (ARMLSN) - 22 - AZ
Property Description

LOCATION!! LOCATION!! LOCATION!!RARE find right off of downtown! Formerly 2 separate lots with single family homes. Could easily be split again for 2 SFR projects. Perfect for a Multi-family or Condo project up to 15 units. Located just 2 miles from downtown and close to the airport. Property values are skyrocketing in this area and rental rates are high! Properties to the North are zoned C-3 commercial lot. Potential rezoning available. This downtown Phoenix area has new & established single family, multi-residential developments and commercial properties. This one won't last!!

Price History
3/10/2021 Listed $229,000
5/5/2021 3% - $224,000

General Features

Development Status Other
Electric APS
Elevation 1, 001 - 2, 000 Ft
Gas Y/N None
Map Code/Grid Q34
New Financing Cash, Conventional, No Carry
Present Use Residential Lot
Property Type C
School District 001 - Phoenix Elementary District
Sewer Sewer - Public
Special Condition N/A
Status Active
Subdivision North Steve Rayburn Sub
Tax Year 2020
Water City Franchise
Zoning R5

Exterior Features

Apx Total Acres 0.33
Apx Total Acres G/N G
Distance to Electric On Property
Distance to Water On Property
Fencing Chain Link
Horses No
Land Configuration Square Rectangular
Lot Size 100 x141.59
Parcel Size .25 - .49 Acres
Potential Use Mobile/Mgf Hme/RV's, Multi-Family, Single Family
Vegetation Other


  • 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 85007

AVG $430K
AVG $968
AVG 111

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