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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Kay Acres
MLS Listing ID 7095968
Year Built 1984
Annual Tax Amount $2,098
Tax Year 2025
Lot Dimensions 35480 sf/.81 acres
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Previously operating as a six-unit residential compound with multiple income-producing residences, the property offers a unique opportunity to reimagine its next chapter. The site has sustained significant fire damage, with only one of the original buildings remaining standing, creating an opportunity to explore redevelopment, reconstruction, or an entirely new residential investment concept. With its generous lot size, established residential surroundings, and convenient proximity to major transportation corridors, shopping, dining, and employment centers, the property offers an attractive foundation for a potential income-producing development.
Whether envisioning multifamily housing, a thoughtfully designed residential compound, or another permitted use, the possibilities are worth exploring. An opportunity to acquire a substantial parcel in an evolving North Phoenix location and unlock its future potential. Buyer to verify zoning, allowable density, development requirements, and feasibility with the City of Phoenix.
Location
State AZ
County Maricopa
Community Kay Acres
Area Maricopa
Zoning R-3
Direction Cave Creek Rd north of Greenway to Paradise.
Interior
Heating Electric
Cooling Central Air, Electric, Heat Pump
Flooring Carpet
Appliance Free-Standing Range, Dishwasher
Exterior
Parking Features Other
Community Features No Pool
Roof Type Composition,Built-Up
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
Elementary Schools Whispering Wind Academy
Middle Schools Explorer Middle School
High Schools Paradise Valley High School
School District Paradise Valley Unified District
Others
Senior Community No
Tax ID 214-40-022-D
Ownership Fee Simple
Acceptable Financing Cash
Disclosures None
Listing Terms Cash
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Jason Serikaku
Team Lead | Realtor® SASA659882000
Team Lead | Realtor® SASA659882000