$1,500,000
Phoenix, AZ 85040
MLS# 6936954
Status: Closed
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Property Description
Large in-fill development opportunity allowing up to 109 Units! Located minutes away from Downtown Phoenix and Sky Harbor International Airport. Situated on a combined 3.44 acres in an Opportunity Zone and Qualified Census Tract, this site is ideal for high density residential development. This property offers strong redevelopment potential in a rapidly emerging submarket that continues to experience significant employment growth and investment.
Details
Maps
Contract Information
Type: Exclusive Right To Sell
For Sale or Lease?: Sale
Current Price: $1,500,000
Sold Price: $1,500,000
Status: Closed
List Date: 2025-10-22
Location, Tax & Legal
Lot #: 20/22
Assessor's Map #: 21
Legal Description (Abbrev): LOT 20 MONTE VISTA ACRES MCR 002024
Assessor's Parcel #: 32
Add'l Parcels: Yes
Tax Municipality: Phoenix
Census Tract: 115300
Taxes: 32997
House Number: 4035
Compass: S
Street Name: 9TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85040
Zip4: 1207
County Code: Maricopa
Assessor Number: 113-21-032
Subdivision: MONTE VISTA ACRES
Tax Year: 2024
General Property Description
Apx Total Acres: 3.44
Apx Total Acres G/N: G
Price Per Acre: 501453.49
Apx SqFt: 149716
Price Per SqFt: 11.52
Apx SqFt G/N: G
Lot Size Dimensions: Regular
Elementary School District: Roosevelt Elementary District
High School District: Phoenix Union High School District
Zoning: R-4
Legal Info
Range: 3E
Section: 21
Township: 1N
Lot Number: 20/22
Special Listing Cond
Owner/Agent: 1
Pmt & Rate Info
Equity: 1725000
Total Owed: 0
Assoc/Prop Info
HOA Y/N: N
PAD Fee Y/N: N
Assessed Balance: 0
HOA 2 Y/N: N
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
Lockbox Type
None: 1
Existing Land Use
Residential Lot: 1
Zoned Presently
Multi-Family: 1
Other (See Rmks): 1
Potential Use
Multi-Family: 1
Parcel Size
2.50 - 4.99 Acres: 1
Current Density
Other (See Rmks): 1
Development Status
On Site Imp Needed: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Fencing
Chain Link: 1
Water Source
City Franchise: 1
Freeway/Highway
1.1 - 2 Miles: 1
Sewer
Sewer - Public: 1
Electric
SRP: 1
Topography
Level: 1
Gas
SW Gas: 1
Existing Structures
None: 1
Distance to Cable
On Property: 1
New Financing
Cash: 1
Conventional: 1
Distance to Phone
On Property: 1
Distance to Water
On Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Distance to Electric
On Property: 1
Distance to Gas
On Property: 1
Distance to Sewer
On Property: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Environmental
None: 1
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: $
Seller Concession to Buyer: 0
Seller Concession $/%: $
Remarks Misc
Cross Street: South 9th St & East Braodway Road
Directions: 7th St to Broadway Road, North on 9th St to property on the east side of 9th St.
Geo Lat: 33.409202
Geo Lon: -112.059063
Status Change Info
Off Market Date: 2025-12-04
Under Contract Date: 2025-11-14
Close of Escrow Date: 2025-12-22
Sold Price: $1,500,000
Property Features
Special Listing Cond: Owner/Agent
Existing Land Use: Residential Lot
Zoned Presently: Multi-Family; Other (See Rmks)
Potential Use: Multi-Family
Parcel Size: 2.50 - 4.99 Acres
Current Density: Other (See Rmks)
Development Status: On Site Imp Needed
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Topography: Level
Existing Structures: None
Water Source: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Distance to Cable: On Property
Distance to Phone: On Property
Distance to Water: On Property
Distance to Electric: On Property
Distance to Gas: On Property
Distance to Sewer: On Property
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Environmental: None
Lockbox Type: None
Fencing: Chain Link
Listing Office: Compass
Last Updated: December - 23 - 2025
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