2142 E Mckinley Street, Phoenix, AZ 85006
- $575,000
- 6
- BD
- 4
- BA
- List Price
- $575,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 7069832
- City
- Phoenix
- Bedrooms
- 6
- Bathrooms
- 4
- Year Built
- 2004
Property Description
Extremely rare newer vintage duplex on over 0.5 acre parcel with the opportunity of adding additional units, McKinley II presents a unique value-add multifamily offering. Built in 2004 and consisting of 2 oversized 3-bed, 1-bath floorplans averaging 1,100 SF, future ownership will have the opportunity to complete a renovation program to capture rent premiums already achieved in the the market and build additional unit(s) on the parcel. Alternatively, the property is well positioned for an owner-occupied investment approach. ***PROPERTY IS CURRENTLY VACANT. LEASING WILL COMMENCE BY MID-SEPTEMBER.
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Additional Information
- Taxes
- $1,324
- Net Operating Income
- $39,382
- Cap Rate
- 6.85
- Units
- 2
- Parking Features
- Paved, >1 Space Per Unit
- Construction
- Wood Frame, Stucco
- Roofing
- Composition
- Cooling
- Central Air, Electric, Varies by Unit
- Heating
- Electric, Varies by Unit
- Zoning
- R-4
- Exterior Features
- Sidewalk(s)
- Subdivision
- Bumbalow Heights Blk 1
- 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.