Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.
Listed By
Agency Name: Matthews Real Estate Investment Services
Agency Phone: 310-388-0788
Shown By
Agent Name: Kristi Newman
Agent Phone: (480) 897-9000
Agency Title: Arizona Best Real Estate
Estimated Payment
$ 3,694.12 per month $3,082.41 Principal & Interest $207.75 Property Tax $403.96 Homeowner's Insurance
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2719 W Maryland Avenue | MLS# 7043158
This multi-family property located at 2719 W Maryland Avenue, Phoenix, AZ 85017 is currently listed for sale with an asking price of $1,385,000. W Maryland Avenue is located within the Glendale Union High School District school district. Search Phoenix real estate on knewman.arizonabest.com today.