28 Beds
28 Beds
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 7095112
Bedrooms 28
Year Built 1987
Annual Tax Amount $5,099
Tax Year 2025
Lot Dimensions IRR
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
The property also has clear, built-in upside. Current rents are about 10-15% below market, so an owner can increase income through rent adjustments. Most tenants are on a month-to-month lease, which lets a buyer move rents to market on their own timeline. The residents are long-term, which points to stable occupancy and a community people choose to stay in. Eight units h have their own washer and dryers and the rest of units use onsite community laundry.
The property also includes vacant land with room for an additional fourplex. That gives an investor a path to grow the unit count from 14 to 18 and boost long-term returns through new construction.
The location is just south of McDowell Road with quick access to the Loop 202 Red Mountain Freeway. Residents are minutes from Phoenix Sky Harbor International Airport, Downtown Phoenix, and Papago Park. Grocery shopping, schools, and major employment centers are all close by.
Location
State AZ
County Maricopa
Area Maricopa
Zoning MULTI
Direction South of McDowell on 35th St to property on Left. Across Street from Elementary School
Interior
Heating Electric
Cooling Electric
Flooring Carpet
Appliance Refrigerator, Free-Standing Electric Oven
Exterior
Parking Features >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Schools
School District Phoenix Union High School District
Others
Senior Community No
Tax ID 121-03-021-C
Ownership Fee Simple
Acceptable Financing Other (See Remarks), Conventional
Disclosures None
Listing Terms Other (See Remarks), Conventional
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