Remodeled 5-unit multifamily property on a rare 0.57-acre R-3 lot with room for growth. Unit mix includes (3) 2-bed/1-bath and (2) 1-bed/1-bath units, each with a private, fenced-in yard, in-unit washer/dryer, and dishwasher. Renovated in 2021 with new HVACs, main sewer line, windows, doors, and covered parking. Interiors feature wood-look tile flooring, quartz countertops, stainless steel appliances, and remodeled bathrooms. Located in an Arizona Opportunity Zone near Grand Canyon University with easy access to I-17. Strong value-add potential in a transitioning area.
Property Attributes
MLS#6801309
Type Multi-Family
CountyMARICOPA
City Phoenix
NeighborhoodFRUITLAND ACRES
Zip85015
StyleMultiple Dwellings
Year Built1965
Taxes$ 1931
Price$ 950,000
Bedrooms 0
Full Bathrooms 0
Half Bathrooms 0
Data Source:
Arizona Regional MLS (ARMLSN)
Price History
1/7/2025Listed $1,070,000
4/8/2025 9% - $975,000
5/6/2025 3% - $950,000
Sewer
Public Sewer
Heating
Electric
Cooling
Central Air,Ceiling Fan(s),Electric
Roof
Composition
Zoning
R-3
Construction Materials
Wood Frame,Painted,Stucco
Year Built
1965
Electric
APS,Master Meter
Township
2N
Tax Year
2024
Ownership
Fee Simple
Gross Income
89418.7
OwnerPays
Electricity,Trash Collection,Water,Sewer,Landscaping
Community Features
No Pool
County
Maricopa
Net Operating Income
61032.0
Operating Expense
1931.0
Property Type
Multiple Dwellings
Attached Garage
No
Subdivision Name
FRUITLAND ACRES
Garage Y/N
No
Status
Active
Directions
Head South on N 19th Ave. Turn right onto W Indian School Rd. Turn right toward N 23rd Ave. Turn right onto N 23rd Ave. Turn left onto W Glenrosa Ave. Home will be on the left.
High School
Central High School
City
Phoenix
Disclosures
None
High School District
Phoenix Union High School District
Open Parking Spaces
5.0
Number Of Units Total
5
Lot Size Square Feet
0.0
Carport Y/N
No
Elementary School
Westwood Elementary School
Tax Annual Amount
1931.0
Middle/Junior High School
Alhambra Traditional School
Lease Renewal Y/N
No
Additional Parcels Y/N
Yes
Lease Considered Y/N
No
Rent Control Y/N
No
Virtual Tour
dashboard.listerassister.com/anon/website/virtual_tour/662211?view=mls
Standard Status
Active
Occupancy Type
Tenant
Elementary School District
Alhambra Elementary District
Tax Lot
13
Cap Rate
5.7
MobileHomeRemainsYN
No
New Financing: Conventional
True
Ownership
Fee Simple
Senior Community
No
New Financing: Cash
True