Hayden Lane Townhomes
13 Townhomes READY TO BUILD in Tempe
Marketing description
Ready To Build, Permits Ready To Be Pulled. City-approved construction docs ready to go for a 13-unit modern apartment development. Fantastic rental area in Tempe. Hayden Lane Townhomes will repurpose this underutilized urban infill site that has been vacant since around 2005. This redevelopment is a highly compatible infill development of a vacant parcel surrounded mainly by multi-family residential uses in the larger area between McClintock Drive and Smith Road, and University Drive to Apache Boulevard. . The north side of Hayden Lane here has transitioned to exclusively multi-family uses over the last 60 years. Hayden Townhomes is very similar to the existing multi-family in the area. The vision for the project is to provide a quaint residential community that provides efficient and comfortable dwelling units, and a variety of amenities that enhance the lives of its residents and strengthen their sense of community. Owner/Agent.
South on McClintock, East on Hayden Ln, Property is on the North side.
Investment highlights
- Ready to Build: City-approved construction documents ready to go
- Development Plan: 13-unit, 3-story modern townhomes
- 9 units: 2 bedrooms, 2.5 bathrooms
- 4 units: 3 bedrooms, 2.5 bathrooms
- Features: Each unit equipped with washer/dryer, individually metered utilities, and spacious balconies
- Location: Prime rental area near downtown Tempe
- Opportunity: Cash sale or potential for joint venture with some cash down and land contribution
- Site History: Vacant since around 2005, ready for redevelopment
- Community: Surrounded by multi-family residential properties
- Zoning: R-3
- Transition: North side of Hayden Lane has transitioned to exclusively multi-family uses over the past 60 years
- Final Development: Last multi-family project on the north side of Hayden Lane between McClintock Drive and Smith Road, extending north to University Drive
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