About The Property

Exceptional value-add opportunity in the heart of Phoenix. Situated on an expansive 14,000 SF lot, this 5-unit multifamily property offers tremendous potential for investors, developers, and owner-operators seeking their next repositioning project. The property requires substantial renovation, creating a true blank canvas for value-add improvements, redevelopment, or adaptive reuse potential. Whether your strategy is long-term hold, multifamily investment, workforce housing, or reimagining the site for its highest and best use, this asset offers exceptional flexibility. Ideally located just minutes from Downtown Phoenix and the Arizona State Capitol, with convenient access to I-10, I-17, Sky Harbor International Airport, the Phoenix Bioscience Core, ASU's Downtown Campus, and the city's major sports and entertainment venues. Positioned within anRead MoreRead Less
Courtesy of SERHANT. 602-525-3992
Listing Snapshot
Days Online
55
Last Updated
Property Type
Multiple Dwellings
Year Built
1931
MLS Number
7048471
M. Logan
Top 2% performing AZ broker
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Additional Details

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Building
Built in 1931, Construction materials: Wood Frame, Painted, Stucco, 5 total units
Floors
Ceramic Tile, Vinyl
Parking
1 Space/Unit
Property
Zoning: R-3
Roof
Composition
Sewer
Public Sewer
Taxes
Annual amount: $1,299, Lot: 5
Utilities
APS
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30 Days Snapshot Of 85009
$231k
-24%
(avg) sold price
9
-43%
homes sold
50
-35%
(avg) days on market
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Monthly Payment
$0

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