Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay… Read More lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties. Read Less
Built in 1983, 1 building, Construction Materials: Wood Frame, Stucco
Community
No Pool
Cooling
Central Air, Electric, Varies by Unit
Disclosures
Seller Prop Disc Stm
Expenses
Operating: $3,188
Floors
Ceramic Tile
Heating
Varies by Unit, Central, Electric
Lot
Dimensions: 60 x 126.8
Owner Pays
Trash Collection, Water, Sewer
Parking
2 covered spaces, 2 open parking spaces, 4 total parking spaces, Paved, Carport
Roof
Built-Up
Sewer
Sewer-In & Connected, Public Sewer
Taxes
Additional parcels description:, Parcel Number: 118-08-137, Public Survey Range: 3E, Public Survey Section: 28, Annual Amount: $3,188, Tax Book Number: 118.00, Legal Description: STEPHENSON SUB LOT 1 EX W 141.8F TH/OF & EX E 30F TH/OF, Lot: 1, Year: 2025, Zoning: R-4
Utilities
Water Source: Master Meter, City Franchise, APS, Underground, Individual Meter
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