Listing Details:
Listing ID: 6990042
Updated: 2/26/2026 10:44am
| Status | Active/For Sale |
| Days On Market | N/A |
| Taxes | $1,557.00 |
| HOA | $0.00/******** |
| Type | N/A |
| Open Parking | 15 |
| Year Built | 1944 |
| Lot Size | 0.00 |
| County | Maricopa |
| Listed By | Matthews Real Estate Investment Services |
Description:
9 unit multifamily investment opportunity in Phoenix, AZ. Built in 1946, the property spans two contiguous parcels (2916 and 2920 E. Monroe Street) and features a diverse mix mix: (3) studios, (3) one-bedrooms, (2) two-bedrooms, and (1) large three-bedroom unit over 1,000 SF. The asset offers a cap rate of 7.79% on current financials resulting in stable cash flow with upside potential. Current ownership has already completed a full sewer line replacement, mitigating a major capital expense. Strategically located, the property provides convenient access to Downtown Phoenix, Phoenix Sky Harbor International Airport, and major transportation corridors (Loop 202 and I-10), ensuring strong long-term tenant demand and investment stability.
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.
