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1515 W TONTO Street

Phoenix, AZ 85007
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$619,000
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About The Property

Fully renovated and fully furnished, this turnkey 3-unit short-term rental in Downtown Phoenix offers strong, documented cash flow and an impressive 4.8+ star Airbnb rating. The asset generated $119,442 in gross revenue in 2024 and $103,198 in 2025, with a two-year average revenue of approximately $111,320, producing operating income of $62,272 in 2024 and $53,719 in 2025, for a two-year average NOI of roughly $57,996--reflecting strong operating margins of about 52%. This is a stabilized, high-margin hospitality investment ideal for investors seeking immediate cash flow, experienced short-term rental operators expanding their portfolio, or buyers looking for a prime-location income property in one of Arizona's fastest-growing urban markets. The property located in a high-demand area… Read MoreRead Less
Courtesy of eXp Realty 888-897-7821
Listing Snapshot
Days Online
103
Last Updated
Property Type
Multiple Dwellings
Year Built
1943
MLS Number
6953631
M. Logan
Top 2% performing AZ broker
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Active
Multifamily
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Additional Details

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Appliances & Equipment
"Dishwasher", "Refrigerator", "Free-Standing Gas Oven", "Built-In Gas Oven", "Microwave", "Washer/Dryer"
Building
Built in 1943, Construction materials: "Stucco", "Block", 3 total units
Cooling
"Ceiling Fan(s)", "Window/Wall Unit", "Electric", "Individual"
Expenses
Electric: $4,692, Insurance: $1,600, Maintenance: $12,755, Water sewer: $600
Floors
"Tile"
Heating
"Window/Wall Unit(s)", "Electric"
Parking
"Carport", 2 total parkings
Property
Zoning: R-3
Roof
"Composition"
Security Features
"Fire Sprinklers"
Sewer
"Public Sewer"
Taxes
Annual amount: $983, Lot: 7
Utilities
"APS"
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30 Days Snapshot Of 85007
$650k
-12%
(avg) sold price
12
+100%
homes sold
80
+14%
(avg) days on market
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Monthly Payment
$0

Schools In The Area

Check out nearby schools with ratings and contact info.
Bethune School 602-257-3830 Public PK-8
Central High School 602-764-7500 Public 9-12
Bethune School 602-257-3830 Public PK-8
Bethune School 602-257-3830 Public PK-8
Bethune School 602-257-3830 Public PK-8
Central High School 602-764-7500 Public 9-12

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