This exceptional property consists of two adjacent lots totaling 12,600 SF, zoned R-5, offering potential for multi-family development of up to 12 units or the construction of two single-family homes with additional ADUs. Situated in the Oakland Historic District, just minutes from downtown Phoenix, the property is being sold for land value only, with the existing structure considered a teardown. Offers are due by 5/12, with the seller reviewing them after that date. Only cash offers will be considered, with a minimum earnest money deposit of $20,000 required. Buyers must complete all due diligence prior to submitting an offer and include the required Offer Addendum Guidelines, available in the Document Tab. Don't miss this outstanding development opportunity!