Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
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MLS# 7043158 – 2719 W Maryland Avenue, Phoenix, AZ 85017

$1,325,000 - 10Br/Ba - for Sale in Ambassador Hts 9-14, Phoenix
Price: $1,325,000
Units: 8
Status: Active
Year Built: 1971
Neighborhood: Ambassador Hts 9-14
Days on Website: 80

Courtesy of Matthews Real Estate Investment Services

Property Description

Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.

Open House

Property Details and Features

  • Property Access
  • Road Surface: Asphalt
  • Appliances & Equipment
  • Built-In Range
  • Disposal
  • Refrigerator
  • Microwave
  • Bathrooms
  • 8 total bathrooms
  • Bedrooms
  • 10 total bedrooms
  • Building
  • Built in 1971
  • 2 buildings
  • Construction Materials: Wood Frame, Painted, Block
  • Community
  • No Pool
  • Cooling
  • Electric
  • Individual
  • Disclosures
  • None
  • Expenses
  • Electric: $3,000
  • Fuel: $360
  • Gardener: $1,488
  • Insurance: $4,774
  • Operating: $16,987
  • Trash: $1,872
  • Water/Sewer: $3,000
  • Floors
  • Vinyl
  • Heating
  • Electric
  • Income
  • Gross ScheduledIncome: $127,128
  • Net Operating Income: $108,345
  • Listing
  • Listing ID: 7043158
  • Standard Status: Active
  • MLS Status: Active
  • 79 days on market
  • Location
  • Subdivision: AMBASSADOR HTS 9-14
  • County/Parish: Maricopa
  • Lot
  • Dimensions: 152 X 60
  • Owner Pays
  • Trash Collection
  • Water
  • Sewer
  • Landscaping
  • Parking
  • 12 open parking spaces
  • 12 total parking spaces
  • Paved
  • 1 Space/Unit
  • Roof
  • Built-Up
  • Schools
  • High School District: Glendale Union High School District
  • Sewer
  • Public Sewer
  • Taxes
  • Additional parcels description:
  • Parcel Number: 152-14-014-A
  • Public Survey Range: 2E
  • Public Survey Section: 11
  • Annual Amount: $2,493
  • Tax Book Number: 152.00
  • Legal Description: AMBASSADOR HTS PT LOT 4 E2 LOT 4 EX W 267.81′ & EX S 150F & EX E 300F TH/OF & EX N 30F RD
  • Lot: 4
  • Parcel Letter: A
  • Year: 2025
  • Zoning: R-3
  • Utilities
  • Water Source: City Franchise
  • SRP

Property Map

$1,325,000 – 2719 W Maryland Avenue, Phoenix, AZ 85017

Street View

Nearby Schools

Similar Properties Nearby

This content last updated on September 5, 2026 6:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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