Viewing Listing MLS# 6921067
$650,000 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85017
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1961Year Built
- 0.00Acres
- 65 yearsEst Age
- MLS# 6921067
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market9 months, 4 days
- AreaMaricopa
- CountyMaricopa
- Subdivision Altro Terrace
Overview
Fully renovated triplex investment opportunity in Phoenix's 85017 Canyon Corridor. The property underwent a comprehensive refresh just over a year ago and has been meticulously maintained since. Major capital improvements include a new roof (July 2024), all new sewer lines from under-slab to city connection, and updated electrical wiringrare peace of mind for multifamily in this vintage.Each unit offers upgraded finishes with new flooring, cabinets, windows (with 2'' faux wood blinds), stainless steel appliances, in-unit stack washer/dryer, and private fenced backyards. Two of the three AC units and all water heaters installed in 2024. The property features block wall construction with metal security gates, a shared courtyard with picnic area, and strong tenant appeal. Currently 100% occupied. Grand Canyon University (GCU) is the neighborhood's dominant demand driver. Enrollment has surged from ~118,000 in 2023 to over 125,000 in 2024, and is projected to exceed 133,000 by 2025-26. The Phoenix campus now houses ~25,000 students, with ~17,000 living in 33 residence halls. GCU's growth generates year-round rental demand, service jobs, and billions in annual economic output for the area. Ongoing Canyon Corridor revitalization through public-private partnerships improving safety, streetscape, and long-term property values. Just off I-17 with direct access to Camelback Rd and 27th Ave. Served by Valley Metro bus routes and a short ride to light rail.
Agriculture / Farm
Association Fees / Info
Community Features: No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Painted, Block
Roof: Other
Exterior Features
Financial
Owner Pays: Water
Gross Income: 34200
Insurance Expense: 3000
Maintenance Expense: 1800
Garage / Parking
Parking Features: 1 Space/Unit
Interior Features
Flooring: Ceramic Tile
Appliances: Refrigerator, Free-Standing Electric Oven, Washer/Dryer
Lot Info
Lot Size: 8597
Number of Buildings: 1
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R3
Tax Info
Tax Amount Annual: 1321
Unit Info
Total Units: 3
Utilities / Hvac
Water Source: City Franchise
Electric: APS
Cooling: Yes
Cool System: Central Air
Heating: Electric
Heating: Yes
Sewer: Public Sewer
Waterfront / Water
Directions
From Camelback, go south on 27th Ave. to Pierson and take a left. Property is on the left hand side.
Listings courtesy of My Home Group Real Estate
MLS# 7040399 
