Courtesy of ABI Multifamily
Property Description
Desert Jewel is an 11-unit, garden-style apartment community built in 1960 and renovated in 2017, located in the highly desirable Arcadia-Lite submarket of Phoenix. The property is individually metered for electricity and offers ample resident parking, including a covered carport. The unit mix consists of (2) 1-bed/1-bath, (2) 2-bed/1-bath, and (7) 2-bed/2-bath units averaging 823 SF. Current interior renovations feature stainless steel appliances, kitchen islands, updated light fixtures, and in-suite washer & dryer. A light value-add opportunity remains through exterior renovations. Ideally positioned just minutes from Biltmore Fashion Park, Camelback Mountain hiking trails, Biltmore Golf Club, and Downtown Phoenix. Seller recently replaced underground sewer line.
Open House
Property Details and Features
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Property Access
- Road Surface: Concrete, Gravel
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Appliances & Equipment
- Built-In Range
- Disposal
- Dishwasher
- Refrigerator
- Built-In Electric Oven
- Microwave
- Washer/Dryer
- W/D Hookup
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Building
- Built in 1960
- 2 buildings
- Construction Materials: Painted, Stone, Block
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Community
- No Pool
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Cooling
- Central Air
- Ceiling Fan(s)
- Individual
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Disclosures
- None
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Expenses
- Operating: $6,363
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Floors
- Vinyl
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Heating
- Individual
- Central
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Income
- Gross Income: $187,709
- Gross ScheduledIncome: $189,545
- Net Operating Income: $127,442
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Listing
- Listing ID: 7060274
- Standard Status: Active
- MLS Status: Active
- 36 days on market
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Location
- Subdivision: EAST CITRUS ACRES PLAT C
- County/Parish: Maricopa
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Lot
- Dimensions: 64.24×138.96×7.62×161.35×147.22×165.14×75.23×134.8
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Owner Pays
- Trash Collection
- Water
- Sewer
- Landscaping
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Parking
- 11 covered spaces
- 4 open parking spaces
- 15 total parking spaces
- >1 Space Per Unit
- On Street
- Carport
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Roof
- Composition
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Schools
- Elementary School District: Creighton Elementary District
- 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: 127-21-042-A
- Public Survey Range: 3E
- Public Survey Section: 25
- Annual Amount: $6,363
- Tax Book Number: 127.00
- Legal Description: EAST CITRUS ACRES PLAT C LOT 155 EX S 75′ OF W 135′ ALSO E 163.47′ OF S 12.83′ & S 5.29′ EX E 163.
- Lot: 155
- Parcel Letter: A
- Year: 2025
- Zoning: R-3
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Utilities
- Water Source: City Franchise
- City Electric
- Individual Meter
Property Map
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This content last updated on September 5, 2026 3:18AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.