480-442-0779

1945 W VAN BUREN Street, Phoenix, AZ 85009 (MLS# 6785949)

1945 W VAN BUREN Street, Phoenix, AZ 85009

$1,495,000
Property Type: Multiple Dwellings Status: Active
Current Price: $1,495,000 Last Modified: 12/28/2024

Description

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.

Supplements: 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!

More Information MLS# 6785949

Contract Info

Current Price: $1,495,000 List Price: $1,495,000 Status: Active List Date: 2024-11-19 Ownership: Fee Simple

Location Tax Legal

House Number: 1945 Compass: W Street Name: VAN BUREN St Suffix: Street City/Town Code: Phoenix State/Province: AZ Zip Code: 85009 Zip4: 3805 Country: USA County Code: Maricopa Subdivision: CAPITOL ADDITION Assessor Number: 109-31-103-A Tax Year: 2024

General Property Description

Lot Size Dimensions: 91 x 161 Year Built: 1952 Uncvrd Parking Spcs: 9 Total # of Units: 22 # of Buildings: 4 Zoning: C3 Flood Zone: TBD Elementary School District: Phoenix Elementary District High School District: Phoenix Union High School District

Remarks Misc

Cross Street: 19th Ave and Van Buren Directions: West on Van Buren to the property on the SEC of 20th and Van Buren Geo Lat: 33.450904 Geo Lon: -112.102044

Status Change Info

Status Change Date: 2024-11-19

Legal Info

Township: 1N Range: 2E Section: 12 Lot Number: 11

Showing Notification Methods

Showing Service: Aligned Showings

Efficiency Units

# Efficiency Units: 20 Avg SqFt: 325 # Baths: 1

1 Bedroom Units

# Baths: 1

Contact Info

List Agent Home Phn: 480-785-5612

Property Features

Project Type: 13 - 24 Units Other Type: House + Rental Units; Hotel/Motel Construction: Block Const - Finish: Painted Roofing: Tile Floors: Concrete; Vinyl Sale Includes: Land & Building; Personal Property; Laundry Equipment Community Amenities: No Pool Appliances Included: None Heating: Other Cooling: Other Water: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking: Street Parking; Paved Parking Owner Pays: Water; Electric Tenant Pays: Other (See Remarks) Source of Fincl Data: Other (See Remarks) Special: REO Property Lockbox Type: Supra (ARMLS); Mech-box / Combo Existing 1st Loan: Treat as Free&Clear New Financing: Cash; No Carry; Other (See Remarks) Environmental: Other (See Remarks)
Listing Office: JM Realty
Last Updated: December - 28 - 2024
1945 W VAN BUREN Street, Phoenix, AZ 85009- MLS# 6785949
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