Viewing Listing MLS# 7020709
$994,999 | N/A beds | N/A full baths | N/A half baths | N/A sqft
Phoenix, AZ 85014
- N/ABeds
- 0.00Total Baths
- N/ASqFt
- 1983Year Built
- 0.00Acres
- 43 yearsEst Age
- MLS# 7020709
- Multifamily
- Multiple Dwellings
- Active
- Approx Time on Market1 month, 22 days
- AreaN/A
- CountyMaricopa
- Subdivision Stephenson Subdivision
Overview
Huge opportunity to own a 4-plex investment property in a prime location! Situated in the rapidly growing and highly desirable central Phoenix area near the Downtown, Midtown, and Encanto Corridors, this is an exceptional opportunity for long-term wealth creation and strong rental demand. With no HOA fees, operating costs stay lower and returns stronger. The property features four well-maintained units, each offering 974 sq ft with 2 bedrooms and 2 bathrooms. One unit has been recently remodeled, with another currently undergoing renovations. Two units are currently leased below market rents, while two units are vacant during the remodel process, creating immediate upside potential. Strong value-add opportunity with projected rents of $1,450-$1,700 per month based on nearby comparable properties. Centrally located property just minutes from downtown phoenix with convenient freeway access and strong rental potential. Situated in an established neighborhood with a mix of resident and investment properties.
Agriculture / Farm
Association Fees / Info
Community Features: Other, No Pool
Hoa: No
Bathroom Info
Building Info
Construction Materials: Wood Frame, Stucco
Roof: Built-Up
Exterior Features
Financial
Owner Pays: Trash Collection,Water,Sewer
Garage / Parking
Parking Features: Paved, Carport
Interior Features
Flooring: Ceramic Tile
Appliances: Built-In Range, Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup
Lot Info
Lot Size: 60 x 126.8
Number of Buildings: 1
Other School Info
Property Info
Road Surface Type: Asphalt
Zoning: R-4
Tax Info
Tax Legal Description: STEPHENSON SUB LOT 1 EX W 141.8F TH/OF & EX E 30F TH/OF
Tax Amount Annual: 3188
Unit Info
Total Units: 4
Utilities / Hvac
Water Source: Master Meter, City Franchise
Electric: APS, Underground, Individual Meter
Cooling: Yes
Cool System: Central Air, Electric, Individual
Heating: Individual, Central, Electric
Heating: Yes
Sewer: Sewer-In & Connected, Public Sewer
Waterfront / Water
Directions
Head east on E Osborn Rd toward N 9th Pl. Turn left onto N 12th Pl. Turn left. Turn left. Destination will be on the left.
Listings courtesy of Howe Realty
MLS# 7044182 
