1916 Hayden LnTempe, AZ 85281

  • Land
  • 0.04 AC
For Sale
$1,300,000 View listing

Property Details for 1916 Hayden Ln

Lot size
0.04 AC
Zone code
M-H
Property type
Land
Property subtype
Commercial land
APN
132-64-017F
APU
13264017F

Description

This exceptional investment opportunity presents a fully permitted 13-unit, three-story townhome development in the thriving Tempe, Arizona market. Located at 1916 E Hayden Ln, 85281, this prime location sits conveniently between McClintock Drive and Smith Road, and University Drive and Apache Boulevard, offering easy access to downtown Tempe and major transportation arteries. City-approved construction documents are available, streamlining the development process and minimizing delays. Each of the modern townhome units boasts a private washer/dryer, individually metered utilities for efficient cost management, and spacious balconies, enhancing tenant appeal and rental income potential. The asking price for this turnkey project is $1,300,000. This represents a significant opportunity to capitalize on the strong rental demand in Tempe's dynamic rental market. The property is classified as land and multifamily, specifically an apartment building, making it an attractive investment for both experienced developers and those seeking a high-return, low-risk venture. Don't miss this chance to acquire a ready-to-build project with all the necessary approvals in place. Contact us today to learn more about this exciting development opportunity.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $530,466
    Hospitality
    $485,904
    Educational
    $404,266
    Medical
    $418,170
    Retail
    $628,859
1916 Hayden Ln, Tempe, Arizona

Location Insight

City
Tempe
County
Maricopa
State
Arizona
Latitude
33.4198
Longitude
-111.905
CBSA code
38060
CBSA name
PHOENIX-MESA-SCOTTSDALE, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$381
-
-
$7,920
-
$52,800
-
$52,800

FAQs

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