EXCEPTIONAL INVESTMENT OPPORTUNITY IN A PRIME LOCATION! This single-story, four-unit multifamily property, built in 1953, presents an outstanding value-add opportunity for investors. The property features four 1-bedroom, 1-bath units, all currently vacant and ready for renovation, providing a blank canvas to maximize your investment vision. Prime Location: Conveniently located… Read More near US-60 (Grand Avenue) with easy access to I-10, I-17, and Loop 202, offering seamless connectivity throughout the Phoenix metro area. Future Growth Potential: A planned light rail extension along Van Buren is expected to further enhance accessibility and position this property within a growing transit-oriented corridor. Excellent Convenience: Just minutes from Downtown Phoenix and Phoenix Sky Harbor International Airport, making it an attractive location for future tenants seeking easy access to employment, entertainment, and transportation. The property requires renovation to address deferred maintenance, and the competitive list price reflects this exceptional opportunity. With strong rental demand and significant upside potential, this is your chance to transform a distressed asset into a high-performing investment. Read Less
Courtesy of JM Realty 480-785-5612
Listing Snapshot
Days Online
5
Last Updated
Property Type
Multiple Dwellings
Year Built
1953
MLS Number
7056584
30 Days Snapshot Of 85009
$307k
+11%
(avg) sold price
16
+77%
homes sold
80
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1953, Construction materials: "Painted", "Block", 4 total units
Floors
Laminate
Heating
Electric, Natural Gas
Parking
Assigned, 8 total parkings
Property
Zoning: R-4
Roof
Composition
Sewer
Public Sewer
Taxes
Annual amount: $656, Lot: 1
Utilities
APS, Individual Meter
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