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1537 E Monroe Street #3, Phoenix, AZ 85034
$490,000
1537 E Monroe Street #3, Phoenix, AZ 85034View this property at 1537 E Monroe Street #3, Phoenix, AZ 85034
1537 E Monroe Street #3PhoenixAZ85034
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Property Description
These are 2 lots are ready for development! APN 116-46-074 and 116-46-075. Two adjacent parcels in downtown Phoenix. Both lots are 50' x 140' or 7,000 square feet. Total is 100' x 140' for a combined 14,000 square feet or .32 acres. 1537 E. Monroe is zoned R5 and 1539 is zoned C3 which allows for residential use. The lots are located in one of the hottest redevelopment areas of Phoenix with nearby light rail, employment, education and entertainment centers. Lots are in designated Opportunity Zone and within several other special zoning, development and transportation schemes. Lot is fenced on 3 sides with a large gate providing alley access. There are currently 5 small structures on the commercial lot (vacant). These structures are approximately 300 square feet each with a toilet and sink. Tenant improvements would be required to make these tenantable but, a couple have been leased to commercial tenants in the recent past by the prior owner (current owner does not have information on terms). Prior owner commissioned site plan which allows for 16 - 21 residential units across three stories above 28 parking spaces on the ground level. Current owner has also reviewed an alternative duplex development on each lot with a local developer of duplexes in the area. {buyer to confirm all calculations and measurements}
Full Property Details
Full Property Details for 1537 E Monroe St #3
General
- Price: $490,000
- Taxes: $593 (2023)
- Status: Active
- Type: Lots/Land
- MLS ID: 6622364
- Updated: 4/15/2024
- Added to Site: 185 day(s) ago
Location
- County: Maricopa
- Township: 1N
- Subdivision: COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40
- Cross Streets: 16th st and Jefferson
- Total Lots Available: 2
Utilities
- Dist. to Gas: On Property
- Dist. to Electric: On Property
- Sewer: Public Sewer
- Dist. to Sewer: On Property
- Water: City Franchise
- Dist. to Water: On Property
- Dist. to Telecomm: On Property
Lot Features
- Lot Size (Acres): 0.32
- Lot Size (Sq. Ft.): 14,000
- Lot Dimensions: 280 x 100
- Zoning: R5
Financial Considerations
- Tax Amount: $593
- Tax Year: 2023
- Terms: Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Buyer/Broker Compensation Available: Yes
- Multiple Parcels: Yes
- Legal Description: LOT 3 BLOCK 8 COLLINS ADDITION PHOENIX BLOCKS 31-34 & 39-40 MCR 000111
- Property ID: 116-46-075-A
- Range: 3E
- Section: 9
- Lot Number: 3
Listed by My Home Group Real Estate
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Schools
Schools serving 1537 E Monroe St #3
School Districts:Phoenix Elementary District, Phoenix Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
811 N 13th St, Phoenix, AZ 85006 | PK-8 | 0.6 mi | |
1101 E Thomas Rd, Phoenix, AZ 85014 | 9-12 | 2 mi | |
4445 N Central Ave, Phoenix, AZ 85012 | 9-12 | 3.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1537 E Monroe St #3
Date
Details
Price
Change
Source
4/15/2024
Price Reduced
$490,000
-2.2%
MLS
1/05/2024
Price Reduced
$501,000
-8.91%
MLS
10/25/2023
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1537 E Monroe St #3
1537 E Monroe Street #3, Phoenix, AZ 85034 (MLS# 6622364) is a Lots/Land property with a lot size of 0.32 acres. 1537 E Monroe Street #3 is currently listed for $490,000 and was received on October 25, 2023. Want to learn more about 1537 E Monroe Street #3? Do you have questions about finding other Lots/Land real estate for sale in Phoenix? You can browse all Phoenix real estate or contact a Coldwell Banker agent to request more information.