MU-4 Mixed Use High density 50' max height allowance. Additional height may be granted based on project quality, City of Tempe may provide variance to exceed 50� height allowance. Preliminary design block sketch prepared yielding 112 residential units with approximately 6,000 SF of ground level Retail/Office area on the 1st Floor which could be an additional 6 units totaling 118. A parking facility, entering at grade, lying below the residential units with 156 stalls. All utilities are on site with additional power added to accommodate a multi-story development.
Age: 31-40 Years Old
Architecture Style: Other
Cooling System: Central A/C, Heat Pumps, Window Unit(s) A/C
Excellent investment property in Tempe, close proximity to ASU. Listing is for two parcels sold together. Addresses are 1919 E Hayden and 1917 E Hayden. 1919 has a 3 bedroom SFR and a duplex. 1917 has 1 bedroom house and large empty lot behind it. All units are currently occupied with long term tenants, on month-to-month. Buy and hold, or make better use of the large amount of this multifamily zoned property. High rental demand area with great neighboring properties. Owner currently manages unit himself.
LOCATION, LOCATION. Walk to ASU and Valley Metro Light Rail. High demand rental location with strong development potential. R-4 zoning allows 8 units up to 40 foot height. Land alone is worth the asking price. Two side by side duplexes, all one bedroom units, recently remodeled, with spacious private fenced yards and plenty of parking. Room to raise rents. Must be sold together. Drive by only; please do not disturb residents. Buyer to verify all facts and figures.