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
1
Last Updated
Property Type
Other
Year Built
1952
MLS Number
6785949
Additional Details
Building
Built in 1952, Construction materials: "Painted", "Block", 22 total units
Floors
"Vinyl", "Concrete"
Parking
"Paved Parking", "Street Parking", 13 total parkings
Property
Zoning: C3
Roof
"Tile"
Sewer
"Public Sewer"
Taxes
Annual amount: $6,034, Lot: 11
Tenant Pays
"See Remarks"
Utilities
"APS"
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