Viewing Listing MLS# 6785949
Phoenix, AZ 85009
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1952Year Built
- 0.00Acres
- 74 yearsEst Age
- MLS# 6785949
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market1 year, 7 months,
- 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
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Painted, Block
Roof: Tile
Exterior Features
Financial
Owner Pays: Electricity,Water
Garage / Parking
Parking Features: Paved, On Street
Interior Features
Flooring: Vinyl, Concrete
Appliances: None
Lot Info
Lot Size: 91 x 161
Number of Buildings: 4
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: C3
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
Directions
West on Van Buren to the property on the SEC of 20th and Van Buren
Listings courtesy of Jm Realty
MLS# 7044182