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

$1,385,000 - Br/Ba - for Sale in Ambassador Hts 9-14, Phoenix
Price: $1,385,000
Units: 8
Property Type: Multiple Dwellings
Status: Active
Year Built: 1971
Neighborhood: Ambassador Hts 9-14
Days on Website: 8

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

  • Appliances & Equipment
  • “Built-In Range”
  • “Disposal”
  • “Refrigerator”
  • “Microwave”
  • Building
  • Built in 1971
  • Construction materials: “Wood Frame”, “Painted”, “Block”
  • 8 total units
  • Cooling
  • “Electric”
  • “Individual”
  • Expenses
  • Electric: $3,000
  • Fuel: $360
  • Insurance: $4,774
  • Water sewer: $3,000
  • Floors
  • “Vinyl”
  • Heating
  • “See Remarks”
  • “Electric”
  • Listing
  • Listing ID: 7043158
  • Standard status: Active
  • 6 days on market
  • Location
  • Subdivision name: AMBASSADOR HTS 9-14
  • Parking
  • “Paved”
  • “1 Space/Unit”
  • 12 total parkings
  • Property
  • Zoning: R-3
  • Roof
  • “Built-Up”
  • Schools
  • High school district: Glendale Union High School District
  • Sewer
  • “Public Sewer”
  • Taxes
  • Annual amount: $2,493
  • Lot: 4
  • Utilities
  • “SRP”

Property Map

$1,385,000 – 2719 W Maryland Avenue, Phoenix, AZ 85017

Street View

Nearby Schools

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This content last updated on June 25, 2026 6:19AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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