PROPERTY DESCRIPTION

4+ years of development efforts have occurred to bring this 5+ acre, City of Phoenix, R-3 Multi-Family Residential zoned lot to the market. Preapplication meeting occurred with plans being revised to incorporate comments on the proposed 42+ unit high end duplex rental community. Purchase this project ''shovel ready'' around the end of the year or go another direction (replat to subdivision or 4-8 horse ranchettes). Large Whispering Hills subdivision is selling new homes to the South. Survey plus prelim site plan, elevation & drainage plan, floor plan + elevations, soils report, traffic study, tree salvage & landscape plan have been completed in support of prelim development. 2,193 sq ft 4bd/2ba house included. Multiple licensed agents have ownership interest including Listing Agent. PRELIMINARY DEVELOPMENT EFFORTS: Utilize existing zoning district (City of Phoenix R-3) to develop 21 2-story duplex-style townhomes, as part of a 42-unit community. The Energy Efficient, Green community is convenient to Downtown Phoenix and Sky Harbor Airport and provides views of the Sierra Estrella Mountains. The plan will include water retention areas that also serve as naturally shaded green spaces with walking paths throughout and around the community. Duplex style 2-story townhomes are anticipated to be of a common design with each unit consisting of the following (approximate size for initial planning purposes). Initial floor plan design and elevation views are available for review: -537 S.F A/C livable first floor -934 S.F. A/C livable second floor -1,523 S.F. A/C TOTAL LIVABLE -462 S.F. 2 car garage -1,985 S.F. TOTAL ENCLOSED -30 S.F entry -52 S.F. 2nd floor patio UTILITY PROVIDERS: -WATER: City of Phoenix - Initial meeting with the City of Phoenix indicated that a city water connection is available at 35th Ave (12 in. DIP water main 6 ft. east of 35th Ave centerline. Additional water improvements may be underway to support the large development (Whispering Hills) to the south of the parcel. Water supply to parcel will connect from 35th Ave. -SEWER: City of Phoenix - Initial meeting with the City of Phoenix indicated that the existing sewer connection to the house is a 4 in. sewer connection installed in 2001 from a 10 in. VCP sewer main, located 16 ft. east of the 35th Ave center line 268 ft. from the South property line. Sewer line to parcel would flow from 35th Ave. -ELECTRIC: SRP - Indicated that the power lines (3 poles) running north and south on 35th Ave would need to be moved underground as part of the overall development activity. -PUBLIC SAFTEY: Maricopa County Sheriff's Office. -FIRE & MEDICAL SERVICES: Phoenix Fire Department Regional Dispatch Center provides emergency fire and emergency medical dispatching services for this location. -MCDOT: Initial discussions and approval to reduce future right-of-way by 10 feet to 55-feet for the Eastern property bordering 35th Ave. -INTERNET/CABLE: Indications that high speed fiberoptic internet is available at the corner of 35th Ave and Elliot (buyer to verify)