1627 E Wood St, Phoenix, AZ 85040

This property is currently planned as a 42 unit Apartment Community. The site has been graded and horizontal improvements have been started. The project consists of one 36,060 square feet building with 6 one bedroom units with an average size of 640 square feet, and 36 two bedroom units with an average size of 895 square feet.

Our client will consider selling the land which will include complete finished pad ready plus the vertical plans for $1,599,999 or as a completed project which is price at $8,500,000.

It is in an Opportunity Zone and a QCT for low income housing.

The project is located just east of 16th Street and Wood (just North of Broadway Road) in a rapidly developing area in South Phoenix and has convenient access to the Airport, Downtown, major freeways, and key employment hubs. Property is also located within an Opportunity Zone. Flexible options available: Owner is open to selling the land AS IS with some of the onsite work completed, entering into a Joint Venture, or offering the property as a fully completed apartment project.