Listing MLS# 6785949 Phoenix AZ Real Estate
Please contact Barbara Baker at 928.301.0669 for more information on this property! I specialize in Phoenix AZ real estate, Capitol Addition - Phoenix real estate for sale, Phoenix, AZ homes for sale and Phoenix real estate and Phoenix homes.
Phoenix, AZ 85009
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1952Year Built
- 0.00Acres
- 73 yearsEst Age
- MLS# 6785949
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market10 months, 12 days
- AreaMaricopa
- CountyMaricopa
- Subdivision Capitol Addition
Overview
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 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!
Agriculture / Farm
Horse: No
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Painted, Block
Roof: Tile
Exterior Features
Pool Private: No
Financial
Owner Pays: Electricity,Water
Garage / Parking
Parking Features: Paved, On Street
Garage: No
Attached Garage: No
Interior Features
Flooring: Vinyl, Concrete
Appliances: None
Fireplace: No
Lot Info
Lot Size: 91 x 161
Number of Buildings: 4
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: C3
Property Attached: No
Tax Info
Tax 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
Tax Amount Annual: 6034
Unit Info
Total Units: 22
Utilities / Hvac
Water Source: City Franchise
Electric: APS
Cooling: Yes
Cool System: Other
Heating: Other
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Water Front: No
Directions
West on Van Buren to the property on the SEC of 20th and Van Buren
Listings courtesy of Jm Realty
Phoenix real estate and Phoenix homes, Phoenix AZ real estate specialist, Capitol Addition real estate, Phoenix AZ homes for sale, Phoenix AZ real estate