Incredible investment opportunity on a nearly acre-sized lot near Downtown Phoenix in Central City South, featuring two distinct dwellings. Zoned for up to 12 multifamily units, this property is ideal for investors or developers looking to maximize potential. The primary custom-built home offers an open floor plan, a spacious master suite, and two large guest bedrooms, perfect for an owner looking to manage the property on-site. The second dwelling includes 3 bedrooms, 2 baths, dedicated parking, and a private yard. A central courtyard creates a communal gathering space for residents. With over half the lot ready for additional development, the potential for income growth is unmatched. The possibilities are endless!
This is an excellent opportunity to own a solid performer with great cash flow and outstanding Cap rate. Always stays fully occupied. 2 separate houses on a large lot. The front house has 4 bedrooms, 2 bathrooms, 1300 square feet. The back house is a 2 bedroom, 1 bath, 700 square feet. Fully tiled interiors, newer stucco exterior, recently remodeled bathrooms and interior and exterior paint. Separate electrical meters and 1 master water meter. The owner pays water and the tenants reimburse. Large lot and yard with ample parking in the front and access with an RV gate from the back of the lot. DRIVE BY ONLY. DO NOT DISTURB TENANTS.
The Following Appliances Convey: In fact, any and all appliances currently present in any of the three units are conveyed to the new Owner 1830 West Alta Vista Road, Phoenix AZ 85034 1 Ton Mini-Split for Bedroom #6 New 2024 General Electric (Combo Washer) Natural Gas Water Heater (Instant/Tankless) HVAC + Stove + Dishwasher + Garbage Disposal + Fridge 3829 West Thunderbird Road Phoenix AZ-See additional remarks-Buyer to verify all facts and figures 1830 West Alta Vista Road, Phoenix AZ 85034 1 Ton Mini-Split for Bedroom #6 New 2024 General Electric (Combo Washer) Natural Gas Water Heater (Instant/Tankless) HVAC + Stove + Dishwasher + Garbage Disposal + Fridge 3829 West Thunderbird Road Phoenix AZ 85053 2 HVAC + mini split (Bedroom #6) This property maybe 6 Bedrooms 3Bath (including casitas) Tracy Lane: Washer Dryers; Fridge, stove, all ceiling fans
Excellent investment opportunity! 2 separate buildings with a total of 5 units. Each unit is 1244 sf, featuring 3 bedrooms, 2.5 bathrooms, and an attached 1 car garage. Built in 2006 with tile roofs. Ready for immediate occupancy! Step into a welcoming hallway that leads to a spacious great room filled with natural light, featuring well-placed carpeting and sliding glass doors. The L-shaped kitchen is fully equipped with honey oak cabinets, built-in appliances, and ample counter space. The primary bedroom includes a sliding-door closet and a pristine bathroom with dual sinks. Relax in the side yard. Conveniently located near shopping and dining. Don't miss out!
The median home value in Phoenix, AZ is $413,000. This is lower than the county median home value of $456,600. The national median home value is $338,100. The average price of homes sold in Phoenix, AZ is $413,000. Approximately 52.06% of Phoenix homes are owned, compared to 40.81% rented, while 7.13% are vacant. Phoenix real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Phoenix real estate agent to arrange a tour today!
Phoenix, Arizona 85041 has a population of 1,591,119. Phoenix 85041 is less family-centric than the surrounding county with 30.89% of the households containing married families with children. The county average for households married with children is 31.17%.
The median household income in Phoenix, Arizona 85041 is $64,927. The median household income for the surrounding county is $72,944 compared to the national median of $69,021. The median age of people living in Phoenix 85041 is 34.1 years.
The average high temperature in July is 104.5 degrees, with an average low temperature in January of 43.2 degrees. The average rainfall is approximately 9.2 inches per year, with 0 inches of snow per year.