Courtesy of APB Valley Spaces
Property Description
Turnkey Central Phoenix investment with two separate residences and established rental income! This beautifully remodeled property features a fully updated 3-bedroom, 2-bath main home plus a newly constructed 2-bedroom, 1-bath casita, creating two independent income-producing dwellings on one lot. Both residences are currently tenant occupied with new one-year leases in place, offering an investor immediate rental income and greater income stability from day one. The main home has been extensively updated with a modern kitchen, renovated bathrooms, new roof, HVAC, and contemporary finishes throughout. The newly constructed casita offers spacious bedrooms, a full bath, and an open living area, providing a desirable second rental opportunity. With two established tenants, two separate rental units, and new leases in place, this property offers an attractive combination of current cash flow and long-term investment potential. Conveniently located in Central Phoenix with easy access to Downtown Phoenix, Sky Harbor International Airport, major hospitals, dining, shopping, and major freeways. An excellent opportunity to acquire a turnkey, income-producing property with two separate residences and immediate rental income already in place.
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Property Details and Features
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Property Access
- Road Responsibility: City Maintained Road
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Appliances & Equipment
- Dryer
- Washer
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Bathrooms
- 3 total bathrooms
- 3 full bathrooms
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Bedrooms
- 5 total bedrooms
- 5 possible bedrooms
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Building
- Built in 1974
- Living area: 1927.0
- 1 storey
- Construction Materials: Stucco, Wood Frame, Painted, Brick
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Community
- Near Light Rail Stop
- Near Bus Stop
- Biking/Walking Path
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Cooling
- Central Air
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Disclosures
- Agency Discl Req
- None
- Seller Discl Avail
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Exterior Features
- Patio/Porch Features: Covered Patio(s), Patio
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Fence
- Chain Link
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Floors
- Vinyl
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Heating
- Electric
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Home Owner’s Association
- Fee Includes: No Fees
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Interior Features
- Eat-in Kitchen
- Full Bth Master Bdrm
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Laundry
- Inside
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Listing
- Listing ID: 7070129
- Standard Status: Active
- MLS Status: Active
- Property Subtype: Single Family Residence
- On market as of 2026-08-28
- 8 days on market
- Special Conditions: N/A
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Location
- Subdivision: AVALON BLOCKS 5-8
- County/Parish: Maricopa
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Lot
- 0.16 acres
- Gravel/Stone Front
- Gravel/Stone Back
- Synthetic Grass Frnt
- Synthetic Grass Back
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Parking
- 1 carport spaces
- 1 covered spaces
- 2 open parking spaces
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Possession
- Subject To Tenant Rights
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Roof
- Composition
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Schools
- Elementary School: William T Machan Elementary School
- Elementary School District: Creighton Elementary District
- Middle School: William T Machan Elementary School
- 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
- Parcel Number: 117-07-004
- Public Survey Range: 3E
- Public Survey Section: 34
- Annual Amount: $612
- Tax Book Number: 117.00
- Legal Description: LOT 4 5 AVALON BLOCKS 5-8 MCR 001624
- Lot: 4 5
- Map Number: 7.00
- Year: 2025
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Utilities
- Water Source: City Water
- 220 Volts in Kitchen
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This content last updated on September 6, 2026 8:08AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.