Zoe Apartments Development Opportunity 4150 N 12th St 52 Unit Apartment Building $3,071,024 CAD ($59,058 CAD/Unit) Phoenix, AZ 85014

Zoe Apartments is a fully approved, permit ready, prime development opportunity in the heart of Central Phoenix. The property is located just north of Indian School on 12th Street in the heart of the city in close proximity to where a ton of development activity is happening. It is just over 2 miles to the Biltmore Fashion Park in one direction and the famed 7th Restaurant Row in the other. It is just over a mile to the nearest light rail station at Central and Indian School, and less than a mile to the 51 Freeway, giving residents access to all parts of
the city within minutes. This location is as central as it gets and allows residents to enjoy so much of what all parts of Phoenix has to offer with ease. With many dining, shopping, and entertainment options, as well as multiple freeway access points within minutes, this property will prove to be a phenomenal development opportunity for someone who wants a fantastic opportunity in an amazing, central location.
Zoe Apartments is a fully approved project featuring 44 and up to 52 well-planned one-bedroom units in a cool, midcentury building in the heart of Phoenix. The project was initially approved as 44 units, including construction drawings. Subsequently, a revised site plan was approved to increase the unit count to 52, and the site prep completed was done to accommodate the 52 unit plan. Full construction drawings for the 52 unit plan are ready to submit to the city for approval. The project features beautiful amenity spaces with a luxury pool, clubhouse, and outdoor spaces. Each unit is planned to have individual laundry units inside and large walk-in closets. The
mid-century architecture that has been incorporated in the plans is extremely popular in this gentrifying part of Phoenix. The one-bedroom units will offer a rare, more affordable option to tenants who are seeking a class A, brand new, attractive project at a price point that is getting harder and harder to find. The project calls for surface parking and frame construction to keep costs at a reasonable level. This is a rare, bite-sized development opportunity in the heart of one of the fastest growing metroplexes in the country.