• Tempe, AZ 85281

  • Single Family Home / REO Foreclosure

Property Details for null St, Tempe, AZ 85281

Facts

Description

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Amazing Opportunity. Situated adjacent to Arizona State University in Tempe, this remarkable multi-dwelling parcel presents an unparalleled opportunity for development. With full approval granted for the construction of 11 townhomes by the city of Tempe. Each townhome, spanning 1635 SQFT, boasts a spacious layout featuring 3 bedrooms, 3 bathrooms, and a 2 tandem car garage, catering to modern living needs. Currently in the final stages of securing approval from the city, this parcel beckons to builders and investors alike, offering a prime infill location ripe for immediate action. Whether the aim is to build, hold, sell, or rent, this project stands as a testament to potential and opportunity. Don't let this chance slip away; seize this extraordinary opportunity in the heart of Tempe.

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