$1,000,000
Phoenix, AZ 85018
MLS# 6960569
1 / 39
Property Description
Rare opportunity to purchase a R-5 (High Density) zoned Multifamily land in a prime central Phoenix location. The existing structure is a 1,731 square foot single family home built in 1952, situated on a site zoned R-5. The R-5 zoning allows for a variety of residential and limited commercial uses, offering flexibility for investors, developers, or owner - occupants seeking to capitalize on the property's strong location and zoning potential. Property is located within the Arcadia Lite area of Phoenix and situated on Indian School Rd for great visibility. Within its proximity to major thoroughfares, shopping, dining, and employment centers, the property is ideally suited for a modern adaptive reuse or small-scale multifamily development after renovations/re-build.**Buyer to verify all fac
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,000,000
List Price: $1,000,000
Status: Active
List Date: 2025-12-22
Location, Tax & Legal
Assessor's Map #: 32
Legal Description (Abbrev): RANCHO DEL MONTE 2
Assessor's Parcel #: 115
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108302
Taxes: 3159
Legal: RANCHO DEL MONTE 2
House Number: 3834
Compass: E
Street Name: INDIAN SCHOOL
St Suffix: Road
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85018
Zip4: 5235
County Code: Maricopa
Subdivision: RANCHO DEL MONTE UNIT 2
Assessor Number: 170-32-115
Tax Year: 2025
General Property Description
Type of Property: Residential multifamily
Ttl Apx SqFt Bldg: 1721
Ttl Apx Net Rnt Spc: 1721
# of Buildings: 1
Uncvrd Parking Spcs: 2
Stories: 1
# of Interior Levels: 1
Lot Size Dimensions: Irregular
Flood Zone: No
Year Built: 1952
Zoning: R-5
Currently Not Used
Sold Price Per SqFt: 581.06
Legal Info
Range: 3E
Section: 24
Township: 2N
Lot Number: 13
Construction
Block: 1
Roofing
Composition: 1
Floors
Concrete: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Building Type
Commercial: 1
Business Type
Office Supply: 1
Mixed: 1
Service Business: 1
Medical: 1
Professional/Office: 1
Retail: 1
Other: 1
See Remarks: 1
Pmt & Rate Info
Equity: 1000000
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
Supra: 1
Ceiling Height
8 Feet or Less: 1
Heating
Heat Pump: 1
Cooling
Central Air: 1
Interior Features
Other (See Remarks): 1
Loading Facilities
None: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Road Surface Type
Asphalt: 1
Exterior
Other (See Remarks): 1
Source of Fincl Data
Unknown: 1
Road Responsibility
City Maintained Road: 1
Traffic Count
25,001 to 35,000: 1
Fencing
Chain Link: 1
Water Source
City Franchise: 1
Freeway/Highway
2.1 - 5 Miles: 1
Building Features
Patio/Deck: 1
Kitchen: 1
Skylight(s): 1
Sewer
Sewer - Public: 1
Railroad
Other (See Remarks): 1
Parking Features
Private: 1
Electric
SRP: 1
Gas
None: 1
New Financing
Cash Only: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
None: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Remarks Misc
Cross Street: Indian School Rd/40th St
Directions: From Loop 202 head N on 40th st. Head W on Indian School Rd. Property will be on your left side just after 39th st.
From the 51 freeway head E on Indian School Rd. Property will be on your left just after 38th st.
Geo Lat: 33.495497
Geo Lon: -111.998409
Property Features
Building Type: Commercial
Business Type: Office Supply; Mixed; Service Business; Medical; Professional/Office; Retail; Other; See Remarks
Construction: Block
Roofing: Composition
Floors: Concrete
Ceiling Height: 8 Feet or Less
Heating: Heat Pump
Cooling: Central Air
Loading Facilities: None
Interior Features: Other (See Remarks)
Exterior: Other (See Remarks)
Fencing: Chain Link
Building Features: Patio/Deck; Kitchen; Skylight(s)
Appliances Included: Dishwasher; Refrigerator
Parking Features: Private
Road Responsibility: City Maintained Road
Electric: SRP
Gas: None
Water Source: City Franchise
Sewer: Sewer - Public
Railroad: Other (See Remarks)
New Financing: Cash Only
Showing Notification Methods: Text; Phone Call
Lockbox Type: Supra
Source of Fincl Data: Unknown
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Road Surface Type: Asphalt
Traffic Count: 25,001 to 35,000
Environmental: None
Listing Office: Realty ONE Group
Last Updated: December - 23 - 2025
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