Courtesy of Jason Mitchell Real Estate
Property Description
Exceptional 3-unit, garden-style investment opportunity offering a 9.23% gross CAP rate. The property features a thoughtfully reimagined front residence originally built in 1936 and fully renovated in 2024, along with a newly constructed rear ADU completed in 2024. The unit mix includes one (1) 3-bed/2-bath unit, (1) 2-bed/2bath unit, and (1) 2-bed/1-bath unit. Each residence offers fully upgraded interiors with white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer. Recent exterior improvements include new stucco, dual-pane windows, new HVAC systems, a new roof, and ample on-site storage. Tenants also enjoy access to a spacious shared backyard area, creating a comfortable outdoor setting for residents. designed for shared outdoor living. Ideally situated in the Roosevelt Arts District, the property offers convenient access to Downtown Phoenix’s thriving cultural venues, acclaimed dining, and premier entertainment destinations.
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Property Details and Features
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Appliances & Equipment
- “Disposal”
- “Dishwasher”
- “Refrigerator”
- “Free-Standing Gas Oven”
- “Microwave”
- “Washer/Dryer”
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Building
- Built in 1936
- Construction materials: “Stucco”, “Block”
- 3 total units
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Cooling
- “Ceiling Fan(s)”
- “Electric”
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Floors
- “Ceramic Tile”
- “Vinyl”
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Heating
- “Forced Air”
- “Central”
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Listing
- Listing ID: 6992945
- Standard status: Active
- 56 days on market
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Location
- Subdivision name: MONTGOMERY
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Parking
- “>1 Space Per Unit”
- 5 total parkings
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Property
- Zoning: R5
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Roof
- “Built-Up”
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Schools
- Elementary school: Lowell Elementary School
- High school district: Phoenix Union High School District
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Sewer
- “Public Sewer”
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Taxes
- Annual amount: $523
- Lot: 7
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Utilities
- “APS”
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This content last updated on May 2, 2026 3:25PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.