Courtesy of JM Realty
Property Description
EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager’s quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential: To help showcase the property’s possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset. Don’t let this rare investment opportunity slip awayact quickly, as it won’t last long!
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Property Details and Features
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Taxes
- Annual amount: $6,034
- Lot: 11
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Building
- Built in 1952
- Construction materials: “Painted”, “Block”
- 22 total units
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Floors
- “Vinyl”
- “Concrete”
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Listing
- Listing ID: 6785949
- Standard status: Active
- 461 days on market
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Location
- Subdivision name: CAPITOL ADDITION
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Parking
- “Paved”
- “On Street”
- 13 total parkings
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Property
- Zoning: C3
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Roof
- “Tile”
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Schools
- High school district: Phoenix Union High School District
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Sewer
- “Public Sewer”
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Utilities
- “APS”
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This content last updated on April 30, 2026 2:23AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.