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$449,000
6813545 MLS
Prime Development Opportunity Awaits! Discover the perfect canvas for your next project on this expansive parcel, ideally R-3 zoned for multi-family use. Development opportunity included for three separate adjacent lots. All lots must be purchased together.

2827 E Angela Drive Unit 86 - A,B,C, Phoenix
$430,000
3 Beds ⋅ 2 Baths ⋅ 6784929 MLS ⋅ 1,386 SqFt.
Immaculate 3-bed, 2-bath remodel in a prime location! This move-in ready gem features a new roof, dual-pane windows, fresh paint throughout, and all-new plumbing and lighting fixtures. The gorgeous kitchen shines with quartz counters, soft-close cabinets, and stainless appliances, while luxury vinyl flooring flows throughout. Both bathrooms have been completely transformed with modern vanities and sleek tile showers. Outside, enjoy low-maintenance living with brand-new turf, a huge block-fenced yard, covered patio, and two sheds (one with A/C - perfect for a workshop!). You won't believe your power bill with this home's solar system! Plus, the superb location near 101 and 51 freeways makes commuting a breeze. Don't miss this exceptional home!

2213 E Janice Way, Phoenix
$279,000
6778147 MLS
Create your dream home right alongside the picturesque Lookout Mountain Golf Club! This spacious mountain lot offers a substantial area for building. Revel in the stunning vistas of Lookout Mountain and the captivating city lights. It's an exceptional location! You'll find yourself conveniently situated near hiking trailheads and beloved neighborhood attractions. Reach out to the agent for details on recommended builders.

12846 N Nancy Jane Lane Unit 4, Phoenix
$625,000
5 Beds ⋅ 5 Baths ⋅ 6770097 MLS
5-UNIT VALUE-ADD INVESTMENT OPPORTUNITY | $625,000 | Approx. $125,000 Per Unit Small portfolio. Big opportunity.Terrace, offering investors an opportunity to acquire a manageable workforce housing portfolio with future flexibility. Each residence is a 1-bedroom plus den / 1-bath floor plan (the den functions as a bedroom but does not have a window) and includes its own washer and dryer. Priced at $625,000--approximately $125,000 per unit--this portfolio is well suited for investors looking to expand an existing rental portfolio or establish a meaningful presence in the Phoenix workforce housing market.The projected income profile offers attractive risk-adjusted return potential for investors who understand value-add opportunities and active portfolio management.This is an unwarrantable condominium community, making conventional residential financing challenging. The ideal purchaser will utilize commercial financing, cash, a 1031 Exchange, private capital, or other investment strategies appropriate for this type of asset. Investment Highlights: Individually deeded condominium ownership allowing future resale flexibility. Professionally managed HOA. Renovated units with in-unit washer and dryer. Strong workforce housing demand in North Phoenix. Covered parking, community pool, on-site management office, barbecue area and convenient freeway access. Attractive entry point at approximately $125,000 per unit. This portfolio offers investors an opportunity to own income-producing real estate with operational upside while maintaining a manageable five-unit footprint. If you're looking for a pristine institutional asset, this isn't it. If you're looking for cash flow, upside, and know how to operate Class C workforce housing, let's talk.

18202 Cave Creek Road Unit 5 units, Phoenix
$2,125,000
29 Beds ⋅ 29 Baths ⋅ 6770068 MLS
17-UNIT VALUE-ADD WORKFORCE HOUSING PORTFOLIO | $2,125,000 | Approx. $125,000 Per Unit. Not every investor is the right buyer for this portfolio and that's exactly the point. This 17-unit workforce housing portfolio consists of individually deeded condominium units within Mountain Springs Terrace and is being offered as a single investment opportunity. The portfolio includes eleven 2-bedroom plus den/2-bath units, five 1-bedroom plus den/1-bath units, and one 3-bedroom/1-bath unit. (The den functions as a bedroom but does not have a window.) Offered at $2,125,000 approximately $125,000 per unit this is a value-add opportunity designed for investors who understand cash flow, operational improvements and long-term appreciation rather than turnkey perfection. The projected income profile offers the type of risk-adjusted return experienced investors often seek in workforce housing assets, recognizing that stronger returns typically accompany opportunities requiring active ownership and thoughtful management. This is an unwarrantable condominium community, making conventional residential financing challenging. The ideal purchaser will be an experienced investor utilizing commercial financing, cash, a 1031 Exchange, private capital, or other investment strategies appropriate for this asset class. Many units have been renovated over time, and every residence includes its own washer and dryer an amenity that continues to attract long-term tenants. The community offers covered parking, a swimming pool, on-site management office, barbecue area, and convenient access to major employment corridors, shopping, Loop 101, SR-51, and public transportation. Investment Highlights: Individually deeded condominium ownership providing long-term ownership flexibility and multiple future exit strategies. Professionally managed HOA. Continued capital improvements and ongoing maintenance demonstrate proactive ownership. Strong demand for workforce housing in an established North Phoenix rental market. Every residence includes an in-unit washer and dryer. Attractive basis at approximately $125,000 per unit. This is not a passive investment. It is a portfolio built for investors who understand Class C workforce housing, recognize value-add opportunities, and appreciate the balance between operational involvement and long-term income potential. If you're looking for a pristine institutional asset, this isn't it. If you're looking for cash flow, upside, and know how to operate Class C workforce housing, let's talk.

18202 Cave Creek Road Unit 17units, Phoenix
$1,200,000
6702718 MLS
North Phoenix development on a rarely offered C-2 Zoned lot with frontage on Cave Creek Road. One of the last few vacant lots on Cave Creek Road can be yours. High traffic area along Cave Creek Road with numerous businesses and supporting residential including multi-family and luxury homes. One of the most desirable Zoning Types, C-2 allows for tremendous flexibility and options for a wide variety of businesses! Mountain Views add to this amazing lot and all the options/opportunity! Close to Cactus Road, Greenway Pkwy and Bell Road, Loop 101 and SR-51 are also just 5 minutes away. Seller Carry or Joint Venture for the right buyer/opportunity. Self Storage, Retail, School, Daycare, Automotive, Residential multi family, Office, Flex warehouse, so many options! Traffic Analysis Cave Creek Road near this location (around the intersection with Loop 101/SR-101) sees high daily traffic, supporting the listing's claim of a "high traffic area." Recent data indicates an average annual daily traffic (AADT) of approximately 90,000-96,000 vehicles, making it suitable for businesses relying on visibility and foot traffic. C-2 Zoning: Allowed Uses and Flexibility Phoenix's C-2 zoning (Intermediate Commercial) is designed for a wide range of commercial activities, with many uses permitted outright or via a use permit. It emphasizes flexibility for businesses while requiring most operations to occur within enclosed buildings (except where specified). This aligns with the listing's highlights of "tremendous flexibility" for various options. Key sections from Phoenix Zoning Ordinance Section 623: Permitted Uses (outright allowed, including all uses from lower-density districts like C-1, R-3, R-4, R-5 for residential components): Retail sales (e.g., antiques, architects' supplies, automobile parts, building materials, clothing, florists). Offices and professional services (e.g., contractors' offices, dental labs, engravers). Automotive-related (e.g., auto parts sales, seat covers/trim shops, rental with limitations). Wholesale and storage (e.g., beverages, chemicals, dry goods, frozen foods, furniture repair/refinishing). Multi-family residential (permitted as in R-3/R-4 districts, including apartments). Educational and care facilities (e.g., schools, daycaresoften as accessory or with conditions). Warehousing/flex space (e.g., bank vault storage, cleaning plants, contractors' supplies). Other: Assembly halls, bowling alleys, car washes, family game centers, medical labs. Uses Requiring Use Permits (conditional approval needed, often with site-specific reviews): Auctioneers' auditoriums, bus terminals, exhibition halls. Adult-oriented businesses (with strict location restrictions). Outdoor activities or larger assembly halls (25,000 sq ft). Compressed natural gas sales at service stations. Certain manufacturing or processing (e.g., bakers' goods, bookbinders). Accessory Uses (allowed secondary to primary uses): Massage therapy in beauty shops. Blood banks/plasma centers accessory to hospitals. Outdoor dining or events (with permits in some cases). Restrictions: Most uses and storage must be within closed buildings. No on-site maintenance/fueling for certain operations (e.g., auto rentals, bus terminals). Distance requirements for sensitive uses (e.g., adult businesses must be 500-1,320 feet from schools, parks, residential zones). Environmental/safety standards (e.g., non-combustible cleaning agents, no bottling for beverages). Residential uses are permitted but must comply with multi-family standards from lower districts. The suggested uses in the listing (self-storage, retail, school, daycare, automotive, residential multi-family, office, flex warehouse) are generally permitted or allowable with a use permit under C-2, confirming the "desirable" zoning claim. Development Potential and Considerations This lot's rarity as one of the few vacant parcels on Cave Creek Road, combined with mountain views and proximity to highways, positions it well for commercial or mixed-use development. High traffic could benefit retail or service-oriented businesses, while C-2's flexibility supports the listed options.

14220 N Cave Creek Road, Phoenix

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