5035 N 23RD Avenue, Phoenix, AZ 85015

Phoenix, AZ 85015

$1,699,000

  • 11 Beds
  • 9 Baths
  • MLS #6993194

Listing courtesy of Better Homes & Gardens Real Estate SJ Fowler

Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven 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. Over $250,000 in renovations just a few years ago.

Listing information provided courtesy of Arizona Regional Multiple Listing Service (ARMLS).

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