$650,000 5035 N 23rd Ave. Avenue Phoenix, AZ

MLS: 6064909   Type: Multi-Family   County: Maricopa   City: Phoenix   Zip: 85015     Taxes: $5,217

Mortgage $3,052 /mo



Half Baths

Sqr Footage

Lot Size








Great income opportunity on this 8 apartment. The property offers a great unit mix consisting of 3 Studios, 3 One Bedroom One Bathroom, and 2 Two Bedroom One Bathroom units. Interior has been kept in good shape. This property offers immediate positive cash flow on current rents with value add potential. Rents are well below market. Investors dream, Close to Freeway, Schools, Grand Canyon University & Shopping. 6 units are individually metered for gas, 2 units share a gas meter. DRIVE BY ONLY, PLEASE DO NOT DISTURB TENANTS. Showings available after accepted Offer.

Elementary School

Middle School

High School

Osborn Middle School
Distance: 2.63 Miles
Distance: 2.63 Miles
Distance: 2.06 Miles

Price History

4/10/2020 Listed $650,000

1 Bedroom Units: Avg Rent 575.00
2 Bedroom Units: Avg Rent 725.00
3 Bedrooms Units: Avg Rent 0.00
3 Bedrooms Units: Avg Sqft 0
4 Bedrooms Units: Avg Rent 0.00
4 Bedrooms Units: Avg Sqft 0
Construction Block, Frame - Wood
Elementary School Osborn Middle School
Features No Pool
High School Central High School
Map Code/Grid N34
Middle School Osborn Middle School
Net Income 42561.00
New Financing Conventional, CTL
Owner Pays See Remarks
Parking 1 Space/Unit
Property Type F
Public Remarks Great income opportunity on this 8 apartment. The property offers a great unit mix consisting of 3 Studios, 3 One Bedroom One Bathroom
School District 008 - Osborn Elementary District
Status Active
Tenant Pays Electric, Gas
Year Built 1955
Zoning R3

Interior Features

1 Bedroom Units: # 1 Bedroom Units 3
1 Bedroom Units: # Baths 1
1 Bedroom Units: Avg Sqft 0
2 Bedroom Units: # 2 Bedroom Units 2
2 Bedroom Units: # Baths 2
2 Bedroom Units: Avg Sqft 0
3 Bedrooms Units: # 3 Bedroom Units 0
3 Bedrooms Units: # Baths 0
4 Bedrooms Units: # 4 Bedroom Units 0
4 Bedrooms Units: # Baths 0
Appliances Included Other (See Remarks)
Cooling Central A/C, Window/Wall Unit
Electric APS
Floors Ceramic Tile, Vinyl/Composition
Gas SW Gas
Heating Other (See Remarks)
Total Number of Units 8.00

Exterior Features

Const - Finish Painted, Stucco
Covered Parking Spcs 0.00
Lot Size Dimensions 24, 360
Roof Comp Shingle
Sewer Sewer - Public
Total Parking Spcs 10.00
Water City Franchise

Property Schools

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Gallery (10 photos)

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Property vs Zip Code Avg (85015)

Price 650K Avg 973K

Taxes $5,217 Avg $3,196

Visits 29 Avg 105

Days on Site 86 Avg 71

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Listing Provided Courtesy Of: Libertas Real Estate

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Location & Address

David Patterson
34406 N 27th Drive #140
Phoenix, AZ