108 S 22nd Avenue, Phoenix, AZ 85009
- $220,000
- 2
- BD
- 2
- BA
- List Price
- $220,000
- Status
- ACTIVE
- Days on Market
- 5
- MLS#
- 7079408
- City
- Phoenix
- Bedrooms
- 2
- Bathrooms
- 2
- Year Built
- 1921
Property Description
Rare Investment Opportunity: Prime Multi-Family Package in Phoenix Unlock exceptional value with this versatile investment opportunity located in central Phoenix. Conveniently positioned with easy access to Downtown Phoenix, I-10, local dining, public transit, and major employment hubs. This property is a brick duplex featuring 2 separate units, each configured as a 1-bed, 1-bath layout with a fireplace. Needs renovation-perfect for investors looking to add value, update finishes, and bring rents up to market rate to maximize monthly cash flow. The adjacent vacant lot (north side), also zoned for multi-family residential development, is being sold together as a package deal. Develop the adjacent multi-family lot to build additional income-producing units and expand your rental portfoli Whether you are looking to fix-and-hold for steady passive income or develop the adjoining parcel for maximum yield, this dual-parcel opportunity is built for high returns.
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Additional Information
- Taxes
- $1,061
- Units
- 2
- Parking Features
- None
- Construction
- Brick, Wood Frame, Brick Veneer
- Roofing
- Composition
- Cooling
- Heat Pump
- Heating
- Forced Air
- Zoning
- R-5
- Subdivision
- Capitol Addition
- Community Features
- No Pool
- Electric
- APS
- Water
- City Franchise
- Tenant Pays
- None
- New Financing
- Conventional, Cash
- Elementary School
- Mary Mcleod Bethune School
- Middle School
- Mary Mcleod Bethune School
- High School
- Metro Tech High School
Courtesy of Russ Lyon Sotheby's International Realty. 480-287-5200
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