1.79-acre, 62,000 sq ft R5-zoned investment opportunity in a thriving multi-family market! Formerly Copper Heights Assisted Living, this vacant 2-story property with basement is ideal for multi-family housing, a hotel, or other creative uses (subject to local zoning). 78 units: 30 one-bedroom and 48 studios, each with private bathrooms (tub/shower… Read More combo), kitchenette plumbing, and P-tech AC units. The main floor features an office & two spacious recreational/dining areas, perfect for community living. The basement includes a commercial-grade kitchen with a walk-in cooler and freezer. Energy-efficient with a newly repaired roof and solar panels, reducing utility costs. Appraised at $10.74M in ''as is'' condition. Seller offers financing with a $3.5M downpayment for qualified buyers. Read Less
Courtesy of Zion Realty, LLC 602-525-1745
Listing Snapshot
Days Online
1
Last Updated
Property Type
Comm/Industry Sale
Lot Size
1.8 Acres
Year Built
1974
MLS Number
6886777
Additional Details
Building
Built in 1974, Building features: "Freight Elevator(s)", "Public Elevator(s)", "Basement", "Conference Room", "Exercise Room", "Reception Room", "Cafeteria", "Kitchen", "Showers - Office", "Display Window(s)", Living area: 61979, Construction materials: "Wood Frame", "Other"
Cooling
"See Remarks"
Fence
"See Remarks"
Heating
"See Remarks", "Solar"
Lot
1.8 acres, 78,317 sqft
Parking
"Paved", "Private", 22 total parkings
Property
Zoning: R-5
Sewer
"Public Sewer"
Taxes
Annual amount: $19,705, Lot: -
Utilities
"Solar", "SRP"
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