Courtesy of RE/MAX Excalibur
Property Description
Outstanding turnkey investment opportunity! One of two side-by-side duplexes built in 2025, this well-designed property features two-story 3-bedroom, 2.5-bath residences, each with a tandem 2-car garage. Fully leased and stabilized with excellent tenants paying $2,300 per month per unit. Produces approximately $43,000 in annual NOI based on trailing 12-month expenses, reflecting an attractive 6% CAP rate. FHA, VA, conventional, cash, and 1031 buyers are welcome. Investors will love the cash flow, but don’t overlook the opportunity for an owner-occupant. Owner pays water only. Upgraded finishes include wood-look plank tile, Samsung stainless appliances, 42” cabinetry, tiled shower surrounds, and dual-pane windows.
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Built-In Range
- Disposal
- Refrigerator
- Built-In Electric Oven
- Microwave
- W/D Hookup
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Bathrooms
- 50 total bathrooms
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Bedrooms
- 6 total bedrooms
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Building
- Built in 2025
- 1 building
- Construction Materials: Wood Frame, Stucco
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Community
- No Pool
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Cooling
- Central Air
- Ceiling Fan(s)
- Heat Pump
- Individual
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Disclosures
- None
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Expenses
- Insurance: $1,040
- Operating: $15,725
- Water/Sewer: $3,351
- Other Expense: $4,980
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Floors
- Tile
- Carpet
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Heating
- Electric
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Income
- Gross Income: $55,200
- Gross ScheduledIncome: $55,200
- Net Operating Income: $42,990
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Listing
- Listing ID: 7039557
- Standard Status: Active
- MLS Status: Active
- On market as of 2026-06-10
- 88 days on market
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Location
- Subdivision: NORTH BROADWAY ESTATES
- County/Parish: Maricopa
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Lot
- Dimensions: 7353 SF
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Owner Pays
- Trash Collection
- Water
- Sewer
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Parking
- 2 covered spaces
- 2 open parking spaces
- 4 total parking spaces
- Attached Garage
- Add’l Parking Avail
- Garage Door Opener
- >1 Space Per Unit
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Roof
- Composition
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Schools
- Elementary School: Percy L Julian School
- Elementary School District: Roosevelt Elementary District
- Middle School: Percy L Julian School
- High School: South Mountain 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: 122-21-034
- Annual Amount: $2,490
- Tax Book Number: 122.00
- Lot: 74
- Year: 2026
- Zoning: R3
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Utilities
- Water Source: City Franchise
- SRP
- Individual Meter
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This content last updated on September 6, 2026 9:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.