1702 E Cambridge Avenue, Phoenix, AZ 85006
- $450,000
- 4
- BD
- 2
- BA
- List Price
- $450,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 7069799
- City
- Phoenix
- Bedrooms
- 4
- Bathrooms
- 2
- Year Built
- 1986
Property Description
Uniquely located immediately behind Phoenix Children's Hospital just west of the SR-51 Freeway, Cambridge II presents a unique value-add duplex offering. Built in 1986 and consisting of 2 x 2-bed, 1-bath floorplans averaging 672 SF, future ownership will have the opportunity to complete a renovation program to capture rent premiums already achieved in the the market. Alternatively, the property is positioned well for short-term renting for traveling nurses (given it's proximity to Phoenix Children's Hospital) and/or an owner-occupied investment approach. ***PROPERTY IS CURRENTLY VACANT. LEASING WILL COMMENCE BY MID-SEPTEMBER.
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Additional Information
- Taxes
- $831
- Net Operating Income
- $21,505
- Cap Rate
- 4.78
- Units
- 2
- Parking Features
- Paved, >1 Space Per Unit
- Construction
- Wood Frame, Stucco
- Roofing
- Composition
- Cooling
- Central Air, Electric, Varies by Unit
- Heating
- Electric, Central
- Zoning
- R-3
- Exterior Features
- Sidewalk(s)
- Community Features
- See Remarks
- Electric
- APS
- Water
- City Franchise
- Tenant Pays
- Electricity
- New Financing
- VA Loan, FHA, Conventional, 1031 Exchange, No Carry, Cash
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Listing courtesy of Marcus & Millichap.
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.