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!
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- None
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Bathrooms
- 20 total bathrooms
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Bedrooms
- 20 total bedrooms
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Building
- Built in 1952
- 4 buildings
- Construction Materials: Painted, Block
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Community
- No Pool
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Disclosures
- None
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Expenses
- Operating: $6,034
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Floors
- Vinyl
- Concrete
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Listing
- Listing ID: 6785949
- Standard Status: Active
- MLS Status: Active
- 590 days on market
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Location
- Subdivision: CAPITOL ADDITION
- County/Parish: Maricopa
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Lot
- Dimensions: 91 x 161
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Owner Pays
- Electricity
- Water
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Parking
- 4 covered spaces
- 9 open parking spaces
- 13 total parking spaces
- Paved
- On Street
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Roof
- Tile
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Schools
- Elementary School District: Phoenix Elementary District
- High School District: Phoenix Union High School District
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Sewer
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 109-31-103-A
- Public Survey Range: 2E
- Public Survey Section: 12
- Annual Amount: $6,034
- Tax Book Number: 109.00
- Legal Description: CAPITOL MCR 2-13 LOTS 12 13 & LOT 11 EX E 30F BLK 53 & PT VAN BUREN ST VAC LY N & ADJ TO SD LOTS & A
- Lot: 11
- Parcel Letter: A
- Year: 2024
- Zoning: C3
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Utilities
- Water Source: City Franchise
- APS
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This content last updated on September 5, 2026 3:28PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.