Discover an unparalleled opportunity in the heart of Midtown Phoenix's Melrose District with this extraordinary 2.43-acre parcel of land, presenting a prime multifamily builder opportunity. Boasting approved plans for a 39-unit condominium/apartment building, this property is poised for immediate development. Special financing terms make this venture even more enticing, and with a remarkable 83 Walk Score, future residents will enjoy convenient access to a plethora of amenities. Don't miss out on this chance to shape the landscape of the vibrant Melrose District. Inquire about special seller financing! This is a rare and promising investment opportunity that awaits your vision and creativity.
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Listing Snapshot
Price
$2,999,000
Days On Site
39 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
2026
MLS® Number
6886048
Status
Active
Property Tax
$109
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
a month ago
Listing updated with changes from the MLS®
a month ago
Listing first seen on site
General Features
Cross Street
W GLENROSA AVE & N 5TH AVE
Disclosures
Seller Prop Disc Stm
Parking
None
Property Sub Type
Condominium
Sewer
Public Sewer
Water Source
Public
Zoning
R-4
Interior Features
Appliances
Other
Flooring
Other
Heating
Electric
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Exterior Features
Construction Details
See Remarks
Roof
Other
Community Features
Community Features
Other
Financing Terms Available
Conventional
Roads
Asphalt
School District
Phoenix Union High School District
Township
2N
Schools
School District
Phoenix Union High School District
Elementary School
Encanto School
Middle School
Osborn Middle School
High School
Central High School
Listing courtesy of Griggs's Group Powered by The Altman Brothers.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2025-08-06 02:55 PM UTC
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