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$ 9,977,000
Est. payment | /mo
1.8 Acres Lot
$ 9,977,000
Est. payment | /mo
1.8 Acres Lot
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6886777
Year Built 1974
Annual Tax Amount $19,705
Tax Year 2024
Lot Size 1.798 Acres
Acres 1.8
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
1.79-acre, 62,000 sq ft R5-zoned investment opportunity in a thriving multi-family market! Formerly Copper Heights Assisted Living, this vacant 2-story property with basement is ideal for multi-family housing, a hotel, or other creative uses (subject to local zoning). 78 units: 30 one-bedroom and 48 studios, each with private bathrooms (tub/shower combo), kitchenette plumbing, and P-tech AC units. The main floor features an office & two spacious recreational/dining areas, perfect for community living. The basement includes a commercial-grade kitchen with a walk-in cooler and freezer. Energy-efficient with a newly repaired roof and solar panels, reducing utility costs. Appraised at $10.74M in ''as is'' condition. Seller offers financing with a $3.5M downpayment for qualified buyers.
Location
State AZ
County Maricopa
Zoning R-5
Interior
Heating Other, See Remarks, Solar
Cooling Other, See Remarks
Flooring Other
Exterior
Parking Features Other, Paved, Private
Fence Other, See Remarks
Roof Type Other
Building
Dwelling Type Other (See Remarks),Commercial
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 141-77-059-E
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Listed by Zion Realty, LLC