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1015 S 1ST Avenue

Phoenix, AZ 85003
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Active Under Contract
$699,900
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About The Property

Exceptional 3-unit, garden-style investment opportunity offering a 9.23% gross CAP rate. The property features a thoughtfully reimagined front residence originally built in 1936 and fully renovated in 2024, along with a newly constructed rear ADU completed in 2024. The unit mix includes one (1) 3-bed/2-bath unit, (1) 2-bed/2bath unit, and (1) 2-bed/1-bath unit. Each residence offers fully upgraded interiors with white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer. Recent exterior improvements include new stucco, dual-pane windows, new HVAC systems, a new roof, and ample on-site storage. Tenants also enjoy access to a spacious shared backyard area, creating a comfortable outdoor setting for residents. designed… Read MoreRead Less
Courtesy of Jason Mitchell Real Estate 480-522-1030
Listing Snapshot
Days Online
166
Last Updated
Property Type
Multiple Dwellings
Year Built
1936
MLS Number
6992945
M. Logan
Top 2% performing AZ broker
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Active Under Contract
Multifamily
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Additional Details

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Appliances & Equipment
Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, Microwave, Washer/Dryer
Building
Built in 1936, Construction materials: Stucco, Block, 3 total units
Cooling
Ceiling Fan(s), Electric
Floors
Ceramic Tile, Vinyl
Heating
Forced Air, Central
Parking
>1 Space Per Unit, 5 total parkings
Property
Zoning: R5
Roof
Built-Up
Sewer
Public Sewer
Taxes
Annual amount: $523, Lot: 7
Utilities
APS
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30 Days Snapshot Of 85003
$748k
+9%
(avg) sold price
3
-62%
homes sold
92
-5%
(avg) days on market
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Monthly Payment
$0

Schools In The Area

Check out nearby schools with ratings and contact info.
Lowell School 602-257-3902 Public PK-8
Central High School 602-764-7500 Public 9-12
Lowell School 602-257-3902 Public PK-8
Lowell School 602-257-3902 Public PK-8
Lowell School 602-257-3902 Public PK-8
Central High School 602-764-7500 Public 9-12

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