5035 N 23RD Avenue, Phoenix, AZ, 85015
3beds
3baths
5,060sqft
$1,699,000
$336price/sqft
$10,314/moest. monthly cost
$412,560/yrincome needed
About This Home
Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven buildings. The unit mix consists of (2) two-bedroom units; (4) one-bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. Over $250,000 in renovations just a few years ago.
Getting Around
66
Somewhat Walkable50
Good Transit58
BikeableSchools
2/10
5/10
3/10
Construction
Condition
- Year built: 1958
Materials
- Roof: Composition
- Construction materials: Wood Frame,Painted,Stucco,Block
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Free-Standing Range,Other,Dishwasher,Refrigerator,See Remarks,Microwave
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
Features
- Flooring: Laminate,Other,Ceramic Tile,Vinyl,Wood,Concrete
Heating & Cooling
- Heating features: Other,Heat Pump,Electric,Natural Gas
- Cooling features: Other,See Remarks,Electric,Heat Pump
Interior Area
- Total structure area: 5,060
- Total interior livable area: 5,060 sqft
Property
Details
- Parcel number: 15325053
- Zoning: R3
Features
- Exterior features: Sidewalk(s)
Lot
- Lot size: 0.56 Acres
- Lot size dimensions: .556 acres
Parking
- Total spaces: 14
- Parking features: Off Street,Paved,Free,Assigned,>1 Space Per Unit
- Has uncovered spaces: Yes
- Uncovered spaces: 14