Courtesy of SRL Group
Property Description
Exceptional investment opportunity in the heart of Central Phoenix featuring six garden-style apartment units with an unbeatable location offering quick access to Downtown Phoenix, Arcadia, the SR-51, and Old Town Scottsdale. This well-positioned property consists of two spacious 3-bedroom/1-bath units, two 2-bedroom/1-bath units, and two studio apartments, providing a diverse unit mix ideal for attracting a wide range of tenants. Several units have been fully renovated with stylish finishes, while others have been thoughtfully updated and still offer additional value-add potential for future improvements and increased rents. Each unit offers a comfortable layout with charming garden-style appeal, creating a welcoming atmosphere for residents. Located near some of Phoenix’s most Located near some of Phoenix’s most popular dining, shopping, entertainment, and employment hubs, this property presents a rare opportunity for both seasoned investors and owner-users seeking strong upside potential in one of the Valley’s most desirable rental corridors.
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Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Refrigerator
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Bathrooms
- 6 total bathrooms
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Bedrooms
- 12 total bedrooms
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Building
- Built in 1972
- 2 buildings
- Construction Materials: Wood Frame, Painted
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Community
- No Pool
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Cooling
- Electric
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Disclosures
- Other (See Remarks)
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Expenses
- Operating: $1,813
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Floors
- Tile
- Laminate
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Heating
- Natural Gas
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Income
- Gross Income: $83,163
- Gross ScheduledIncome: $87,540
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Listing
- Listing ID: 7033472
- Standard Status: Active
- MLS Status: Active
- On market as of 2026-06-04
- 101 days on market
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Location
- County/Parish: Maricopa
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Lot
- Dimensions: IRR
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Owner Pays
- Trash Collection
- Water
- Sewer
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Parking
- 2 covered spaces
- 6 open parking spaces
- 8 total parking spaces
- 1 Space/Unit
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Roof
- Composition
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Schools
- Elementary School: The Creighton Academy
- Elementary School District: Creighton Elementary District
- Middle School: The Creighton Academy
- High School: Camelback High School
- 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: 120-20-081
- Public Survey Range: 3E
- Public Survey Section: 35
- Annual Amount: $1,813
- Tax Book Number: 120.00
- Legal Description: PT W2 SE4 SE4 BEG AT PT 806.33′ N OF SW COR OF E 196.83′ OF W2 SE4 SE4 E 166.83′ N 71.67′ W 166.8
- Year: 2025
- Zoning: R-3
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Utilities
- Water Source: City Franchise
- APS
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This content last updated on September 5, 2026 2:20PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.