EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas… Read More awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential:
To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset.
Don't let this rare investment opportunity slip awayact quickly, as it won't last long! Read Less
Courtesy of JM Realty 480-785-5612
Listing Snapshot
Days Online
700
Last Updated
Beds
20
Year Built
1952
MLS Number
6785949
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
None
Building
Built in 1952, 4 buildings, Construction Materials: Painted, Block
Community
No Pool
Disclosures
None
Expenses
Operating: $6,034
Floors
Vinyl, Concrete
Lot
Dimensions: 91 x 161
Owner Pays
Electricity, Water
Parking
4 covered spaces, 9 open parking spaces, 13 total parking spaces, Paved, On Street
Roof
Tile
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 109-31-103-A, Public Survey Range: 2E, Public Survey Section: 12, Annual Amount: $6,034, Tax Book Number: 109.00, Legal Description: CAPITOL MCR 2-13 LOTS 12 13 & LOT 11 EX E 30F BLK 53 & PT VAN BUREN ST VAC LY N & ADJ TO SD LOTS & A, Lot: 11, Parcel Letter: A, Year: 2024, Zoning: C3
Utilities
Water Source: City Franchise, APS
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