Courtesy of Kidder Mathews
Property Description
This Property is a rare opportunity to acquire a platted and partially entitled 28-unit multifamily development with the major pre-construction work completed. This project owner has civil plans, landscape plans, MEP plans, and recently extended City of Phoenix permits. This allows an investor developer potentially years of entitlement risk, architectural coordination, and municipal approvals. Highlights: ” Final plat completed for 28 units. ” Civil plans completed. ” Landscape plans completed. ” Complete MEP (HVAC, electrical, plumbing) engineering completed. This offering dramatically reduces timeline risk and carrying costs by eliminating the most unpredictable phases of development — zoning, engineering coordination, and permit approval. Additionally, the project architect is available to answer any technical or design-related questions and assist the buyer throughout the transition process. The ownership team is prepared to support a smooth handoff and help facilitate the path to construction. Ideal for builders or multifamily developers seeking a near shovel-ready asset in a high-demand rental market.
Open House
Property Details and Features
-
Disclosures
- None
-
Listing
- Listing ID: 6986821
- Standard Status: Active
- MLS Status: Active
- On market as of 2026-02-19
- 197 days on market
- Special Conditions: N/A
-
Location
- Subdivision: 28TH STREET LOFTS
- County/Parish: Maricopa
-
Lot
- 2.08 acres
- Dimensions: 126x37x130x175x199x199x214
-
Schools
- Elementary School District: Roosevelt Elementary District
- High School District: Phoenix Union High School District
-
Sewer
- Public Sewer
-
Taxes
- Additional parcels description:
- Parcel Number: 122-58-131
- Annual Amount: $3,269.8
- Tax Book Number: 122.00
- Legal Description: LOT 2 28TH STREET LOFTS MCR
- Lot: –
- Map Number: 58.00
- Year: 2025
- Zoning: R-3
-
Utilities
- Water Source: City Franchise
- SRP
Property Map
Street View
Market Trends for 85040, Phoenix, AZ
Nearby Schools
Request More Information
Schedule a Showing
Similar Properties Nearby
This content last updated on September 5, 2026 6:38AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.