Description

South Phoenix redevelopment opportunity at 6239–6243 South 12th Place, Phoenix, Arizona 85042. Current reduced asking price in the OM is $465,000; the older $525,000 price is crossed out. The OM reports a 24,848-SF site (approximately 0.5704 acres, calculated) with City of Phoenix R1-6 zoning.

An approximately 840-SF, two-bedroom/two-bath residence is described as leased for $1,795 per month. Other structures are approximately 1,400 SF, 2,600 SF and 315 SF, with varying incomplete/gutted conditions. The OM states structures outside the home need demolition according to the city; it also discusses a legally nonconforming structure and a possible variance discussion. Buyer must verify current city requirements and permitted scope. Conceptual redevelopment may accommodate up to four detached homes based on 6,000-SF minimum lots, subject to approvals; these are proposed, not existing rentable units. Contact Zack Mishkin and Leo Pataq.