5035 N 23rd Avenue, Phoenix, AZ 85015
- $1,699,000
- 11
- BD
- 9
- BA
- List Price
- $1,699,000
- Status
- ACTIVE
- Price Change
- ▼ $81,000 1776485855
- Days on Market
- 193
- MLS#
- 6993194
- City
- Phoenix
- Bedrooms
- 11
- Bathrooms
- 9
- Year Built
- 1958
Property Description
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.
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Additional Information
- Taxes
- $6,272
- Net Operating Income
- $122,302
- Cap Rate
- 7.2
- Units
- 9
- Flooring
- Ceramic Tile, Other
- Parking Features
- Open, Paved, >1 Space Per Unit, Assigned, Off Street
- Construction
- Block, Wood Frame, Painted, Stucco
- Roofing
- Composition, Rolled/Hot Mop
- Cooling
- Heat Pump, Other, Electric, See Remarks
- Heating
- Electric, Natural Gas, Heat Pump, Other
- Zoning
- R3
- Exterior Features
- Sidewalk(s)
- Subdivision
- Camelback Gardens
- Community Features
- No Pool, Other, See Remarks
- Electric
- SRP
- Water
- City Franchise, See Remarks
- Sewer
- Sewer-In & Connected, See Remarks
- Tenant Pays
- Electricity, See Remarks
- New Financing
- Conventional, Other (See Remarks), Owner May Carry, Cash
- High School
- Central High School
Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536
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