EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential:To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset.Don't let this rare investment opportunity slip awayact quickly, as it won't last long!
Listed by:
JM Realty
Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)| Date | Days Ago | Event | New Price |
|---|---|---|---|
| May 6, 2026 | 29 days ago | Price decreased50,900 (5%) | $1,049,000 |
| Feb 6, 2026 | 4 mos ago | Price decreased49,100 (4%) | $1,099,900 |
| Jan 15, 2026 | 5 mos ago | Price decreased50,900 (4%) | $1,149,000 |
| Dec 2, 2025 | 6 mos ago | Price decreased50,000 (4%) | $1,199,900 |
| Sep 24, 2025 | 8 mos ago | Price decreased45,100 (3%) | $1,249,900 |
| Jun 10, 2025 | 12 mos ago | Price decreased55,000 (4%) | $1,295,000 |
| May 13, 2025 | 1 yr ago | Price increased55,000 (4%) | $1,350,000 |
| May 8, 2025 | 1 yr ago | Price decreased55,000 (4%) | $1,295,000 |
| Mar 5, 2025 | 1 yr ago | Price decreased45,000 (3%) | $1,350,000 |
| Jan 28, 2025 | 1 yr ago | Price decreased100,000 (7%) | $1,395,000 |
| Dec 19, 2024 | 1 yr ago | Price decreased40,000 (3%) | $1,495,000 |
| Nov 19, 2024 | 2 yrs ago | New on market | $1,535,000 |