2519 W MCLELLAN Boulevard Phoenix, AZ 85017

2519 W McLellan provides several opportunities that other 2-4 unit properties don't. The property is in superb value-add condition and buyers can renovate the units to warrant higher rents in the submarket. There's a 3bedx1bath front house at 790 SF and a duplex with (1) 2x1 unit and (1) 1x1.5 unit,... all with large yards, tons of parking, storage and recently replaced roofs. Also, the property is on a 23,082 SF lot (0.53 AC) zoned R-5 in a thriving Phoenix submarket. With the lot size, another route an owner may take is to build addl. structures and increase the unit count, or they could completely redevelop the lot with up to 23 units, according to the density & zoning limits in Phoenix. Contact listing agent with questions, offers and for a copy of the Offering Memorandum. limits in Phoenix. Please contact the listing agent with questions, offers and for a copy of the full Offering Memorandum. Continue reading