4421 N 23RD Avenue, Phoenix, AZ 85015
$1,114,000
Property Type:
Multiple Dwellings
Status:
Pending
Current Price:
$1,114,000
Last Modified:
2/28/2025
Description
4421 & 4423 N 23rd Avenue consists of (2) triplexes, (6) total units, was originally built in 1961 and is of block construction. The unit mix is comprised of 100% 2-Bed / 1-Bath units with spacious layouts averaging 730sf. The property features covered parking for residents along with a fenced in community courtyard. All units have private back patios along with washer / dryer hookups. The asset is in clean value-add condition, (3) of the units have recently been turned. With longer term tenants in-place, the purchaser has the option to continue cash-flowing or doing more significant upgrades as leases expire.
The property is situated within a half mile of the nearest I17 on-ramp and just minutes to downtown Phoenix, with immediate access to the light-rail as well.
More Information MLS# 6801232
Contract Info
Current Price: $1,114,000
List Price: $1,114,000
Status: Pending
List Date: 2025-01-07
Ownership: Fee Simple
Location Tax Legal
House Number: 4421
Compass: N
Street Name: 23RD
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85015
Zip4: 4467
Country: USA
County Code: Maricopa
Subdivision: TIERRA FRUTAL
Assessor Number: 154-16-004-D
Tax Year: 2024
General Property Description
Lot Size Dimensions: 130ft x 120ft
Year Built: 1961
Uncvrd Parking Spcs: 12
Total # of Units: 6
# of Buildings: 2
Zoning: R-3
Elementary School District: Alhambra Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: Camelback Road & 23rd Avenue
Geo Lat: 33.501254
Geo Lon: -112.108075
Status Change Info
Status Change Date: 2025-02-28
Off Market Date: 2025-02-28
Under Contract Date: 2025-02-03
Legal Info
Township: 2N
Range: 2E
Section: 24
Lot Number: 3
Income Expenses
Gross Annual Sch Inc: 86400
Net Operating Income: 62463
Showing Notification Methods
Showing Service: No Showing Service Used
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 1176
Avg SqFt: 728
# Baths: 1
Property Features
Project Type: 5 - 12 Units
Construction: Block
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Ceramic Tile
Sale Includes: Land & Building
Community Amenities: No Pool; Other; See Remarks
Exterior Amenities: Desert Landscaping; Fenced
Interior Amenities: Other (See Remarks)
Appliances Included: BI Oven/Range; Refrigerator; W/D Hookup; Other (See Remarks)
Heating: Natural Gas; Individual
Cooling: Electric; Individual; Other
Water: City Franchise
Sewer: Sewer - Public
Electric: SRP
Gas: SW Gas
Parking: Carport; Paved Parking
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electric; Gas
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: ABI Multifamily
Last Updated: February - 28 - 2025
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.