$800,000
Phoenix, AZ 85015
MLS# 6484086
Status: Closed
1 / 9
Property Description
Are you looking for your next investment? Check out this multifamily opportunity on this 8 unit apartment. This property features units consisting of 3 Studios, 3 One Bedroom One Bathroom, and 2 Two Bedroom One Bathroom units. This property offers immediate positive cash flow on current rents with value add potential. Rents are well below market. With all the growth in central phoenix this is an Investors dream. Six of the 8 units are individually metered for gas, 2 units share a gas meter. Please do not disturb the tenants and drive by only.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $800,000
Sold Price: $800,000
Status: Closed
List Date: 2022-11-01
Location, Tax & Legal
Assessor's Map #: 25
Assessor's Parcel #: 53
Add'l Parcels: No
Tax Municipality: Maricopa - COUNTY
Taxes: 5432
Legal: Camelback Gardens MCR29/37
Marketing Name: Camelback Gardens
Map Code/Grid: N34
House Number: 5035
Compass: N
Street Name: 23RD
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Country: US
County Code: Maricopa
Assessor Number: 153-25-053
Tax Year: 2021
General Property Description
# of Buildings: 7
Uncvrd Parking Spcs: 10
Lot Size Dimensions: 286.56X85
Total # of Units: 8
Elementary School District: Osborn Elementary District
High School District: Phoenix Union High School District
Elementary School: Solano School
Jr. High School: Osborn Middle School
High School: Central High School
Year Built: 1955
Zoning: R3
Project Type
5 - 12 Units: 1
Other Type
Other (See Remarks): 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Composition: 1
Floors
Concrete: 1
Wood: 1
Ceramic Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 0
Annual Land Lse Exp: 0
Annual Landscape Exp: 0
Annual Legal & Acctg: 0
Annual Maint Exp: 0
Annual Mgmt Exp: 0
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 0
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 5432
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Pmt & Rate Info
Down Payment: 0
Equity: 825000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Assessment Balance: 0
Showing Notification Methods
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Electric: 1
Natural Gas: 1
Cooling
Heat Pump: 1
Exterior Amenities
Fenced: 1
Curb(s) & Gutter(s): 1
Cable TV Available: 1
Sidewalk(s): 1
Interior Features
Unfurnished: 1
Tenant Pays
Gas: 1
Water: 1
Sewer: 1
Electricity: 1
Trash Collection: 1
Appliances Included
Dishwasher: 1
Refrigerator: 1
Free-Standing Range: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Accountant: 1
Water Source
Other: 1
See Remarks: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Paved: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
None: 1
New Financing
Conventional: 1
Other (See Remarks): 1
Special
Incorporated Area: 1
Existing 1st Loan
Conventional: 1
Existing 1st Loan Type
Not Applicable: 1
Existing 1st Loan Terms
Not Applicable: 1
Existing 2nd Loan
Other (See Remarks): 1
Existing 2nd Loan Type
Not Applicable: 1
Existing 2nd Loan Terms
Not Applicable: 1
Existing 3rd Loan
Other (See Remarks): 1
Existing 3rd Loan Type
Not Applicable: 1
Reports/Disclosures
Seller Prop Disc Stm: 1
Existing 3rd Loan Terms
Not Applicable: 1
Environmental
None: 1
Existing Othr Ln Trm
Not Applicable: 1
Efficiency Units
# Efficiency Units: 3
Avg Rent: 550
# Baths: 1
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 650
# Baths: 1
2 Bedroom Units
# 2 Bedroom Units: 1
Avg Rent: 750
# Baths: 1
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash
Closing Cost Split: Normal - N
Payment Type: Other
Buyer Concession to Seller: 0
Buyer Concession $/%: %
Seller Concession to Buyer: 0
Seller Concession $/%: %
Remarks Misc
Cross Street: CAMELBACK RD & 23RD AVE
Directions: North on 23rd Ave. Property on East side of street
Geo Lat: 33.510889
Geo Lon: -112.107825
Status Change Info
Off Market Date: 2022-11-08
Under Contract Date: 2022-11-08
Close of Escrow Date: 2022-12-22
Sold Price: $800,000
Legal Info
Lot Number: 4
Property Features
Project Type: 5 - 12 Units
Other Type: Other (See Remarks)
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Roofing: Composition
Floors: Concrete; Wood; Ceramic Tile
Sale Includes: Land & Building
Community Features: No Pool
Exterior Amenities: Fenced; Curb(s) & Gutter(s); Cable TV Available; Sidewalk(s)
Interior Features: Unfurnished
Appliances Included: Free-Standing Range; Refrigerator; Dishwasher
Heating: Natural Gas
Cooling: Heat Pump
Water Source: Other; See Remarks
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: 1 Space/Unit; Paved
Road Surface Type: Asphalt
Owner Pays: None
Tenant Pays: Water; Sewer; Electricity; Gas; Trash Collection
Source of Fincl Data: Accountant
Special: Incorporated Area
Showing Notification Methods: Phone Call
Lockbox Type: None
Existing 1st Loan: Conventional
Existing 1st Loan Type: Not Applicable
Existing 1st Loan Terms: Not Applicable
Existing 2nd Loan: Other (See Remarks)
Existing 2nd Loan Type: Not Applicable
Existing 2nd Loan Terms: Not Applicable
Existing 3rd Loan: Other (See Remarks)
Existing 3rd Loan Type: Not Applicable
Existing 3rd Loan Terms: Not Applicable
Existing Othr Ln Trm: Not Applicable
New Financing: Conventional; Other (See Remarks)
Environmental: None
Listing Office: My Home Group Real Estate
Last Updated: April - 27 - 2026
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