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5035 N 23RD Avenue

Phoenix, AZ 85015

Phoenix, AZ 85015

5035 N 23RD Avenue

$1,699,000

MLS#: 6993194

Status: Active

Listing provided by: Better Homes & Gardens Real Estate SJ Fowler

Listing agent phone: None

Last update: a day ago

On site: 5 months ago

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CAMELBACK GARDENS - Residential Income

About

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.

Property

Beds

11

Full Baths

None

1/2 Baths

None

Year Built

1958

Sq.Footage

N/A

Features

Features & Amenities

Interior

  • Total Bedrooms

    11

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Other, Electric, Heat Pump

  • Heating YN

    YES

  • Heating

    Other, Heat Pump, Electric, Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Stucco, Block

  • Parking

    Off Street, Paved, Assigned

  • Pool

    No

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Multi Family

Price

  • Sales Price

    $1,699,000

  • Tax Amount

    $6,272

  • Financing Options

    Conventional

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    Alhambra Elementary District

  • Middle School

    N/A

  • High School

    Central High School

Property Features

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    4

  • Water Source

    See Remarks, Public

Schedule

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Location

  • County

    Maricopa

  • Elementary School

    Alhambra Elementary District

  • Middle School

  • High School

    Central High School

Listing Courtesy of James C Stephens , Better Homes & Gardens Real Estate SJ Fowler

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Agent Mandy Gold

Mandy Gold

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Phone (520) 508-4855

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5035 N 23RD Avenue

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