3108 E Southern Ave #5, Phoenix, AZ 85040

This 1.5-acre property, zoned R5, offers incredible potential for development of up to 63 units. The owner has already completed studies for multiple configurations, including: 24 units in six fourplexes, 32-unit apartment complex, 52-unit apartment complex The location is unbeatable—minutes from Sky Harbor Airport, Tempe ASU, and Downtown Phoenix, making it ideal for workforce housing, student housing, or a luxury rental community. Flexible financing options available! The seller may be willing to carry a short-term note, making this an attractive opportunity for developers and investors looking to secure the property while finalizing plans or construction financing. Don't miss this versatile, strategically located development site in one of Phoenix's fastest-growing areas!