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About the Listing grcr001 - sb658,gp1248
Thirteen on 32nd Street Apartments, a prime 13-unit multifamily investment opportunity located in the heart of Phoenix, Arizona. This high-demand asset is positioned directly across from the Celebrity Theatre and just minutes from Phoenix Sky Harbor International Airport, with immediate access to the 202, SR-51, and I-10 freeways. Residents benefit from quick commutes to Downtown Phoenix and major employment hubs throughout the airport corridor. 525 & 526 N 32nd Street, Phoenix, AZ APNs: 121-17-026-A & 121-17-028-A This offering includes two contiguous parcels totaling approximately 10,498 square feet of rentable space across 13 units. The diversified unit mix offers strong leasing flexibility and long-term cash flow potential: Five legal studio units (Unit 7: ~400 SF; Units 6, 8, 9, 10: ~250 SF) One additional studio (Unit 12A: ~250 SF, seller-added) Current Rents: $750-$850 | Market Rent: ~$950 Six one-bedroom units (Units 1-5: ~600 SF; Unit 11: ~375 SF) Current Rent: ~$850 | Market Rent: ~$950 One detached single-family residence featuring a 2-bedroom, 1-bath home with an attached 1-bedroom apartment Rents are currently below market, offering investors a clear path to value-add upside through rental increases, improved management, and light renovations. Additional income is generated from tenant storage units (average $25/month), and the property also features an on-site laundry facility. Tenants enjoy private patios or balconies, and the property is within close proximity to Valleywise Health Medical Center, the VA Hospital, and other major employers in this thriving urban submarket. This is a rare opportunity to acquire a well-located, income-producing asset in a high-growth area with strong fundamentals and long-term appreciation potential. All facts and figures approximate buyer verify information
Listing Highlights for 525526 525-526 N 32nd Street 1-13
Status
Active
Days on Site
126
Property Type
Multi-Family
MLS ®
6881870
Year Built
1978
Total Square Footage
0
Lot/Acreage
N/A
County
Maricopa
Neighborhood
Shelton Add Lot 20 W2 S 75' Blk 1 Ex W 7'
School District
Balsz Elementary District
Elementary School
Brunson-Lee Elementary School
Middle School
Balsz Online Academy (B.O.A.)
High School
Alhambra High School
Interior Details
- Bedrooms: 7
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Window/Wall Unit
- Heating: Individual,Central,Window/Wall Unit(s)
- Fireplaces:
- Floor: Carpet,Ceramic Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: See Remarks,City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof: Composition,Built-Up
- Others:
- Sewer: Other,Public Sewer
- Parking Features: Paved,Free
Financial Details
- Tax Amount: $2,763
- Taxes w/Assessments: N/A
- Tax/Property ID: 121-17-028
- Tax Year: 20
Payment Calculator
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Listing Location
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525526 525-526 N 32nd Street 1-13 Phoenix, AZ 85008
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