3108 E SOUTHERN AVENUE UNIT 5
Phoenix AZ 85040

$750,000
Price

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homeListing Details:

Listing ID: 6894694
Updated: 7/18/2025 6:22pm

Status Active/For Sale
Days On Market 1
Taxes $720.00
HOA $0.00/
Type N/A
Year Built 0
Lot Size 20696.00
County Maricopa
Listed By My Home Group Real Estate

descriptionDescription:

This 1.5-acre property, zoned R5, offers incredible potential for development of up to 63 units. The owner has already completed studies for multiple configurations, including: 24 units in six fourplexes, 32-unit apartment complex, 52-unit apartment complex The location is unbeatable—minutes from Sky Harbor Airport, Tempe ASU, and Downtown Phoenix, making it ideal for workforce housing, student housing, or a luxury rental community. Flexible financing options available! The seller may be willing to carry a short-term note, making this an attractive opportunity for developers and investors looking to secure the property while finalizing plans or construction financing. Don't miss this versatile, strategically located development site in one of Phoenix's fastest-growing areas!

mapProperty Location:

Listed By: My Home Group Real Estate | Kristopher R Ontiveros 602-292-5747

Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.



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