1224 E DUNLAP Avenue, Phoenix, AZ 85020

$1,700,000

Property Type: Multiple Dwellings Status: Active

Current Price: $1,700,000 Last Modified: 4/29/2025

Description

Find your prime investment opportunity today! This is an 8-unit low-rise complex. Built in 1980, but was extensively upgraded in 2023, making it a turnkey investment with significant potential for income growth. Offering a mix of two standalone 2-bedroom, 2-bathroom units and six 2-bedroom, 1-bathroom units, with modern amenities and high-quality finishes. Each unit features spacious living areas, updated kitchens and bathrooms, and individual storage units. The complex also boasts ample parking with 24 spaces and a well-maintained exterior. The proximity to major employers, shopping centers, hiking trails, and parks puts it in a highly desirable location, this property is perfect for long term tenants!

More Information MLS# 6732554

Contract Info

Current Price: $1,700,000 List Price: $1,700,000 Status: Active List Date: 2024-07-17 Ownership: Fee Simple

Location Tax Legal

House Number: 1224 Compass: E Street Name: DUNLAP St Suffix: Avenue City/Town Code: Phoenix State/Province: AZ Zip Code: 85020 Zip4: 3076 Country: US County Code: Maricopa Assessor Number: 159-34-145 Tax Year: 2023

General Property Description

Lot Size Dimensions: Unknown Year Built: 1980 Uncvrd Parking Spcs: 24 Total # of Units: 8 # of Buildings: 3 Zoning: R-3 High School District: Glendale Union High School District

Remarks Misc

Directions: From SR-51 Freeway exit on Northern and head west. Turn right on N 12th St then turn right on Dunlap Ave. Property will be on the left. Geo Lat: 33.568009 Geo Lon: -112.055771

Status Change Info

Status Change Date: 2025-04-29

Legal Info

Township: 3N Range: 3E Section: 28

Income Expenses

Gross Annual Sch Inc: 139391.43 Net Operating Income: 102913.73

Showing Notification Methods

Showing Service: No Showing Service Used

2 Bedroom Units

# 2 Bedroom Units: 8 Avg Rent: 1450 Avg SqFt: 806 # Baths: 10

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Vinyl; Ceramic Tile; Carpet Sale Includes: Land & Building Community Features: No Pool Exterior Amenities: Landscape Wtr System; Fenced; Security Light(s) Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer Heating: Individual; Central Cooling: Ceiling Fan(s); Individual; Central Air Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Submetered System Gas: SW Gas Parking Features: >1 Space Per Unit; Paved Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity Source of Fincl Data: Owner; Projected Proforma Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Conventional New Financing: Cash; Conventional Environmental: None

Listing Office: eXp Realty

Last Updated: April - 29 - 2025

1224 E DUNLAP Avenue, Phoenix, AZ 85020 (MLS# 6732554)