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About the Listing jmre001 - rb882,as9717
Exceptional 3-unit, garden-style investment opportunity offering a 9.23% gross CAP rate. The property features a thoughtfully reimagined front residence originally built in 1936 and fully renovated in 2024, along with a newly constructed rear ADU completed in 2024. The unit mix includes one (1) 3-bed/2-bath unit, (1) 2-bed/2bath unit, and (1) 2-bed/1-bath unit. Each residence offers fully upgraded interiors with white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer. Recent exterior improvements include new stucco, dual-pane windows, new HVAC systems, a new roof, and ample on-site storage. Tenants also enjoy access to a spacious shared backyard area, creating a comfortable outdoor setting for residents. designed for shared outdoor living. Ideally situated in the Roosevelt Arts District, the property offers convenient access to Downtown Phoenix's thriving cultural venues, acclaimed dining, and premier entertainment destinations.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
6992945
Year Built
1936
Total Square Footage
0
Lot/Acreage
N/A
County
Maricopa
Neighborhood
Montgomery
School District
Phoenix Elementary District
Elementary School
Lowell Elementary School
Middle School
Phoenix #1 iAcademy
Interior Details
- Bedrooms: 3
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Electric
- Heating: Forced Air,Central
- Fireplaces:
- Floor: Ceramic Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof: Built-Up
- Others:
- Sewer: Public Sewer
- Parking Features: >1 Space Per Unit
Financial Details
- Tax Amount: $523
- Taxes w/Assessments: N/A
- Tax/Property ID: 112-24-105
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
1015 S 1st Ave Phoenix, AZ 85003
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