2324 E Oak Street, Phoenix, AZ 85006
- $980,000
- 6
- BD
- 50
- BA
- List Price
- $980,000
- Status
- ACTIVE
- Days on Market
- 78
- MLS#
- 7039794
- City
- Phoenix
- Bedrooms
- 6
- Bathrooms
- 50
- Year Built
- 2018
Property Description
Turnkey income today with exceptional upside for tomorrow. This unique multifamily opportunity features 2 detached single-family homes, each leased at $2,800/mo. and designed with modern finishes that drive strong tenant demand. Tenants pay water, sewer, and electric, keeping operating expenses low while maximizing cash flow. Each residence offers 3 bed, 2.5 bath, attached 2-car garage, open living spaces, quartz countertops, stainless steel appliances, and contemporary design. Future appreciation and income potential are enhanced by the opportunity to add an ADU to each home (buyer to verify). Prime location near the Biltmore Corridor, SR-51, major employers, shopping, and dining. A rare combination of stable income, low expenses, and long-term value-add potential. Drive by only.
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Additional Information
- Taxes
- $4,843
- Net Operating Income
- $67,200
- Cap Rate
- 6.86
- Units
- 2
- Flooring
- Ceramic Tile
- Parking Features
- Paved, On Street, Attached Garage
- Construction
- Wood Frame, Painted, Stucco
- Roofing
- Composition
- Cooling
- Electric, Ceiling Fan(s)
- Heating
- Electric
- Zoning
- R-3
- Subdivision
- Avalon Blks 1-4
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Tenant Pays
- Water, Sewer, Electricity, Cable TV
- New Financing
- Conventional, 1031 Exchange, Cash
- Elementary School
- William T Machan Elementary School
- Middle School
- Biltmore Preparatory Academy
- High School
- Camelback High School
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Listing courtesy of Compass.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.