The Grand Canal Townhome development opportunity sits in a verywell-located neighborhood that is going through a lot of revitalization.The project consists of 4 platted lots with fully approved developmentplans, ready for permits. The project also has plans available thatfit on the lots, allowing an investor to get permit approval on theplans very quickly (full construction drawings are done and havebeen approved in the City of Phoenix on other lots, so the same plansshould be approved on these lots as well). If someone wanted todesign their own product, they have that option as well. This is a greatbite-sized development opportunity in the heart of Phoenix and allowsan investor to build and sell units off individually or lease it up andsell as an income-producing ass Another option would be to build the project, lease it up, and hold onto the units, as the area continues to improve and sits in the heart of one the most attractive cities in the nation. The Grand Canal Townhomes is a 4-unit development opportunity in the heart of Midtown Phoenix. It sits right off of the popular 7th Street corridor and is minutes away from multiple light rail stations on Central Avenue. It is also alongside the Phoenix Grand Canal where Phase I of the Grand Canalscape Project was completed in 2020, adding a multi-use commuter path, pedestrian lighting, landscaping, and public elements. You can access this portion of the canal literally right outside the front door of this property. The location is extremely central and allows residents to enjoy, with ease, so much of what Phoenix has to offer. With many dining (the famed 7th Street Restaurant Row is less than 2 miles away), shopping, and entertainment options, as well as multiple freeway access points within minutes, The Grand Canal Townhomes is an extremely desirable property for future residents to live.
Listing courtesy of ABI Multifamily.
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