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2642 N 31st Street, Phoenix

GREAT investment opportunity!! RARE DOUBLE/TRIPLE SIZE LOT!! ATTENTION INVESTORS AND BUILDERS. See photos with potential development ideas. A Unique Find. Currently rented for $3,500/mo and tenant has been there for 5 years and wants to stay! 3,150+ sf with multiple separate living areas, with a total of: 3 kitchens, 6 bedrooms, 4 baths, & 3 family rooms! The prior owner used them as separate rentals as they are literally two/three separate homes. Large rental home on this amazing RARE LARGE parcel size of 17,000sf!! Zoning is R1-6, so each lot (without a variance) needs a minimum of 6,000sf per lot, but many lots in the area are less than 6,000sf. Check with city to verify all. No variance needed if you split the site into two lots. Do NOT disturb tenants, drive-by Only! A door connects the two main homes. The door can be locked and/or eliminated then they are two completely separate living areas, each with their own kitchen, bedrooms, baths, family rooms! Or leave the door open and it's one large home. Plus, the attached Casita/Guest house (South unit) is 750sf and consists of: 1 bedroom, 1 bath, 1 kitchen, living room. Location is perfect, easy access to the 202 & 51 and minutes from Downtown Phoenix! No HOA. Hot Area with many new homes being built!

6 Beds ⋅ 4 Baths ⋅ 6993340 MLS ⋅ 85008 Zip Code

GREAT investment opportunity!! RARE DOUBLE/TRIPLE SIZE LOT!! ATTENTION INVESTORS AND BUILDERS. See photos with potential development ideas. A Unique Find. Currently rented for $3,500/mo and tenant has been there for 5 years and wants to stay! 3,150+ sf with multiple separate living areas, with a total of: 3 kitchens, 6 bedrooms, 4 baths, & 3 family rooms! The prior owner used them as separate rentals as they are literally two/three separate homes. Large rental home on this amazing RARE LARGE parcel size of 17,000sf!! Zoning is R1-6, so each lot (without a variance) needs a minimum of 6,000sf per lot, but many lots in the area are less than 6,000sf. Check with city to verify all. No variance needed if you split the site into two lots. Do NOT disturb tenants, drive-by Only! A door connects the two main homes. The door can be locked and/or eliminated then they are two completely separate living areas, each with their own kitchen, bedrooms, baths, family rooms! Or leave the door open and it's one large home. Plus, the attached Casita/Guest house (South unit) is 750sf and consists of: 1 bedroom, 1 bath, 1 kitchen, living room. Location is perfect, easy access to the 202 & 51 and minutes from Downtown Phoenix! No HOA. Hot Area with many new homes being built!

2642 N 31st Street, Phoenix

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