Exceptional 3-unit, garden-style investment opportunity offering a 9.23% gross CAP rate. The property features a thoughtfully reimagined front residence originally built in 1936 and fully renovated in 2024, along with a newly constructed rear ADU completed in 2024. The unit mix includes one (1) 3-bed/2-bath unit, (1) 2-bed/2bath unit,… Read More and (1) 2-bed/1-bath unit. Each residence offers fully upgraded interiors with white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer. Recent exterior improvements include new stucco, dual-pane windows, new HVAC systems, a new roof, and ample on-site storage. Tenants also enjoy access to a spacious shared backyard area, creating a comfortable outdoor setting for residents. designed for shared outdoor living. Ideally situated in the Roosevelt Arts District, the property offers convenient access to Downtown Phoenix's thriving cultural venues, acclaimed dining, and premier entertainment destinations. Read Less
Courtesy of Jason Mitchell Real Estate 480-522-1030
Listing Snapshot
Days Online
0
Last Updated
Property Type
Multiple Dwellings
Year Built
1936
MLS Number
6992945
30 Days Snapshot Of 85003
$811k
-10%
(avg) sold price
2
-33%
homes sold
39
-62%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Disposal", "Dishwasher", "Refrigerator", "Free-Standing Gas Oven", "Microwave", "Washer/Dryer"
Building
Built in 1936, Construction materials: "Stucco", "Block", 3 total units
Cooling
"Ceiling Fan(s)", "Electric"
Floors
"Ceramic Tile", "Vinyl"
Heating
"Forced Air", "Central"
Parking
">1 Space Per Unit", 5 total parkings
Property
Zoning: R5
Roof
"Built-Up"
Sewer
"Public Sewer"
Taxes
Annual amount: $523, Lot: 7
Utilities
"APS"
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