5035 N 23RD AVENUE
Phoenix AZ 85015

$1,780,000
Price

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Beds

0.0
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Sqft

homeListing Details:

Listing ID: 6993194
Updated: 3/4/2026 3:14pm

Status Active/For Sale
Days On Market 2
Taxes $6,272.00
HOA $0.00/********
Type N/A
Open Parking 14
Year Built 1958
Lot Size 0.00
County Maricopa
Listed By Better Homes & Gardens Real Estate SJ Fowler

descriptionDescription:

This Uptown PHX 9 unit complex is spread out on close to a 25,000 sf lot with R-3 zoning. Nice pocket north of Camelback Rd. 1 mile east of GCU & 1/2 mile east of the I-17. The complex is buffered by the SRP-Westwood substation to the west, a newly-built fire station to the south, & owner-occupied properties on the same block. Hard to find SELLER FINANCING available, but not required (6% interest-only with 30% down). Fully upgraded & fully stabilized with close to a 7 CAP (based on the 2025 P&L of $122,000 NOI). Seven total buildings. The unit mix consists of (2) two bedroom units; (4) one bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. These units could be re-positioned for GCU students or short-term rentals. DND residents.

mapProperty Location:

Listed By: Better Homes & Gardens Real Estate SJ Fowler | Cass Stephens, CCIM 602-672-3526

Source: ARMLS
All information should be verified by the recipient, and none is guaranteed as accurate by ARMLS.



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