$1,000,000
$1,000,000
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229 N PALM Street #TRLR Gilbert, AZ 85234
Key Details
Sold Price $1,000,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6993986
Sold Date 04/17/26
Year Built 1960
Annual Tax Amount $2,835
Tax Year 2025
Lot Dimensions 90x255
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Developer / Investor Opportunity - Located in the Heritage District in Downtown Gilbert... This unique property features a single-family residence at the front & center of a long-standing trailer park, offering a rare opportunity for redevelopment or income potential. The main house includes 4 bedrooms. In addition, the property includes multiple trailer units consisting of one 2-bedroom trailer and 4 single-bedroom units. This property presents an excellent opportunity for developers, investors, or buyers seeking a value-add project. Whether you choose to renovate the existing structures, reposition the property as a rental portfolio, or explore redevelopment options, the possibilities are significant. Buyer to verify zoning, usage, and redevelopment opportunities with the appropriate municipality.
Location
State AZ
County Maricopa
Area Maricopa
Zoning Multi-family/Lo
Direction North on Gilbert Rd, East on Cullumber, North on Palm to property on the right.
Interior
Heating Central, Electric
Cooling Central Air, Ceiling Fan(s)
Flooring Carpet
Appliance Free-Standing Range, Disposal, Refrigerator, W/D Hookup
Exterior
Parking Features Add'l Parking Avail, 1 Space/Unit
Community Features No Pool
Roof Type Composition,Rolled/Hot Mop
Private Pool No
Building
Sewer Public Sewer
Water Master Meter
New Construction No
Schools
Elementary Schools Gilbert Elementary School
High Schools Gilbert High School
School District Gilbert Unified District
Others
Senior Community No
Tax ID 304-11-159
Acceptable Financing Conventional
Disclosures None
Listing Terms Conventional
Financing Other
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Bought with On Q Property Management






