Courtesy of Ivy Realty
Property Description
Rare investment opportunity featuring unique architecture in the Historic Oakland District, within walking distance to Grand Avenue of the Arts, light rail, downtown Phoenix, and minutes from Sky Harbor Airport. Located in a rapidly growing area with rising rents and strong investor development, the property has seen numerous upgrades over the years including interior and exterior paint, tiled showers, updated flooring and countertops, new windows and roofs, two tankless gas water heaters, and two newer A/C units. All units are individually metered for APS, with a unit mix consisting of one 2-bedroom/1-bath with washer/dryer hookup, two 1-bedroom/1-bath units, and one studio, offering clear upside potential for a new owner to increase rents and improve returns.
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Refrigerator
- Free-Standing Electric Oven
- W/D Hookup
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Bathrooms
- 4 total bathrooms
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Bedrooms
- 5 total bedrooms
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Building
- Built in 1916
- 2 buildings
- Construction Materials: Aluminum Siding, Wood Frame, Block
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Community
- No Pool
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Cooling
- Central Air
- Window/Wall Unit
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Disclosures
- None
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Expenses
- Fuel: $1,543.81
- Gardener: $250
- Insurance: $1,296
- Maintenance: $700
- Operating: $7,400.29
- Water/Sewer: $2,809.48
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Floors
- Tile
- Vinyl
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Heating
- Central
- Natural Gas
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Income
- Gross Income: $58,200
- Gross ScheduledIncome: $58,200
- Net Operating Income: $50,799.7
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Listing
- Listing ID: 6972312
- Standard Status: Active
- MLS Status: Active
- 228 days on market
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Location
- Subdivision: UNIVERSITY ADDITION
- County/Parish: Maricopa
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Lot
- Dimensions: 6250
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Owner Pays
- Gas
- Water
- Landscaping
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Parking
- 2 covered spaces
- 2 open parking spaces
- 4 total parking spaces
- RV Access/Parking
- 1 Space/Unit
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Roof
- Composition
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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: 111-28-073
- Public Survey Range: 3E
- Public Survey Section: 6
- Annual Amount: $801
- Tax Book Number: 111.00
- Legal Description: UNIVERSITY PT OF LOTS 8 & 10 BLK N E2 OF 8 & W2 OF 10
- Lot: 8
- Year: 2025
- Zoning: R5
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Utilities
- Water Source: City Franchise
- APS
- Individual Meter
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This content last updated on September 6, 2026 9:18AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.