Listing Details:
Listing ID: 7043158
Updated: 6/17/2026 1:01pm
| Status | Active/For Sale |
| Days On Market | N/A |
| Taxes | $2,493.00 |
| HOA | N/A |
| Type | N/A |
| Open Parking | 12 |
| Year Built | 1971 |
| Lot Size | 0.00 |
| County | Maricopa |
| Listed By | Matthews Real Estate Investment Services |
Description:
Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.
Property Location:
Listed By: Matthews Real Estate Investment Services | Bradley Skenderian 949-533-5594
Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.
