22 Beds
22 Beds
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7098707
Bedrooms 22
Maintenance Fees $9,500
Year Built 1956
Annual Tax Amount $4,960
Tax Year 2025
Lot Dimensions Normal
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
community offering immediate value-add potential. Originally configured as 17 units, the property includes a storage room that could be converted back into a studio unit, creating an opportunity for additional rental income. Owned and operated by the same ownership since 2012, the property has benefited from consistent capital improvements, including new roofs, ongoing electrical panel replacements and extensive plumbing updates. Units have also been renovated incrementally as they become vacant. With a majority of long-term tenants paying below-market rents, the property offers investors multiple opportunities to increase income through continued renovations, loss to lease recovery and the restoration of the 17th unit.
Location
State AZ
County Maricopa
Area Maricopa
Zoning R-5
Interior
Heating Ceiling
Cooling Ceiling Fan(s), Electric
Flooring Concrete
Appliance Built-In Range, W/D Hookup
Exterior
Parking Features >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 115-03-040
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Disclosures None
Listing Terms Cash, Conventional
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