4 photos
$250,000
511 N 10TH Avenue #5
Phoenix, AZ 85007
Kenny Klaus, Real Broker · (480) 354-7344
What the listing says
This vacant 6715 /- square foot residential infill lot presents an outstanding opportunity for developers and investors seeking a well-located site in the heart of Phoenix. Zoned R5/R1. The site supports a range of residential development options, including multi-family configurations, making it an attractive choice for urban housing projects. The property consists of 2 parcels(APN 111-30-031 & 111-30-033), delivering strong value in a rapidly growing market. Its proximity to Grand Avenue enhances accessibility & visibility, while the surrounding neighborhood continues to benefit from ongoing revitalization & investment activity At the intersection of Grand Ave and Polk Street, the property offers excellent connectivity to major thoroughfares and is less than a mile from downtown With its central location along Grand Ave in the Entertainment Arts District, flexible zoning, and development potential, this site is well-suited for builders and investors looking to capitalize on Phoenix's expanding residential demand. Seller financing is available: 25% down, 7% over 30 years with a 5-year balloon. 4% prepayment penalty for the first 3 years, no prepayment penalty after 3 years.
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Land
Lot Size
6,715 sq ft
HOA
None
More owner-financed homes near Phoenix
Questions about owner financing in Phoenix
What is owner financing for 511 N 10TH Avenue #5?
Owner financing means the seller of 511 N 10TH Avenue #5 acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Phoenix, AZ home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Phoenix home?
There is no standard down payment. The seller of this Phoenix home sets their own, and it is negotiable. Ask the seller or their agent.