Multifamily Development Opportunity at 1401 E Wood St, Phoenix, AZ 85040. Seize this rare chance to own a 0.72-acre parcel zoned R-4, allowing for the development of up to 20 units in a thriving location. Situated in both an opportunity zone and a QCT-qualified census tract, it presents substantial tax incentives for investors. The lot offers easy access to the I-10 freeway, setting the stage for effortless commuting to Downtown Phoenix, and the Sky Harbor Airport. The scenic South Mountain Park and Preserve is in proximity. Build a prosperous future in a booming locale, and watch your vision come to life at 1401 E Wood Street.
Property Details
Property Features
Listing Office:
Office Name: Get Multifamily
Office Phone: (480) 795-7938
Listing Agent: Reggie Joyner
Lot Features
Lot Information:
Lot Size: 0.72 Acres
Other
Directions Information:
Directions: From 16th Street & Broadway, head west to 13th Street, north to Wood Street, east to property located on the south side of Wood Street.
Price Information
Listing Price Info
Price Summary:
List Price: $350,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Phoenix, AZ.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,814
Per Month
Principal & Interest
$1,747
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,116
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Moon Mountain Elementary School
13425 N 19th Ave
Distance between this listing and this school0.46 miles
Public District Grades PK-6
2
/10
Shaw Butte Elementary School
12202 N 21st Ave
Distance between this listing and this school1.04 miles
Public District Grades PK-6
3
/10
John Jacobs Elementary School
14421 N 23rd Ave
Distance between this listing and this school1.36 miles
Public District Grades PK-6
Nearby Schools
9
/10
Reid Traditional Schools' Painted Rock Academy
14841 N Black Canyon Hwy
Distance between this listing and this school1.76 miles
Public Charter Grades KG-8
1
/10
Mountain View School
801 W Peoria Ave
Distance between this listing and this school1.79 miles
Public District Grades KG-8
5
/10
Mountain Sky Junior High School
16225 N 7th Ave
Distance between this listing and this school1.86 miles
Public District Grades 7-8
Nearby Schools
7
/10
Thunderbird High School
1750 W Thunderbird Rd
Distance between this listing and this school0.62 miles
Public District Grades 9-12
8
/10
Arizona Conservatory for Arts and Academics
2820 W Kelton Ln
Distance between this listing and this school2.74 miles
Public Charter Grades 9-12
8
/10
Moon Valley High School
3625 W Cactus Rd
Distance between this listing and this school2.82 miles
The neighbors living near this home have an average income of $78,417. Typical income of Phoenix, AZ residents is between $35k-100k annually. Residents typically live in married, no kids family. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1401 E Wood St Unit 24
What is the listing price of this property?
The listing price of 1401 E Wood St Unit 24 property is $350,000.
What type of property is this?
The property 1401 E Wood St Unit 24 is land located in Phoenix, Arizona, 85040.
Is this property for sale now?
Active Listing: 1401 E Wood St Unit 24 is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property 1401 E Wood St Unit 24 is 0.72 acres.
Interested in 1401 E Wood St Unit 24? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1401 E Wood St Unit 24 in Phoenix, AZ and zip code 85040 in the North Mountain neighborhood. This home sits on a 0.72 acre lot. It has been listed on Rocket Homes since July 10, 2024 and is currently priced at $350,000.
In November 2024 more than 201 listings in Phoenix, AZ were sold above the asking price. During the same period more than 301 listings were sold at asking price, while more than 636 were sold below. In November 2024 in Phoenix, AZ there were 1.4% less homes for sale than in October 2024. The median list price of listings available in November 2024 was $452,345, while the average time on the real estate market was 63 days.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Minor League Baseball Games
Minor League Baseball Games
Symphony or Opera
NBA/WNBA
New York & Company
Chico's
Books-a-Million
Chick-fil-A
Boston Market
Qdoba
Kia
Volvo
Infiniti
Talk/Personality
Active Rock
Adult Hits