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About the Listing MRE001 - bs695
9 unit multifamily investment opportunity in Phoenix, AZ. Built in 1946, the property spans two contiguous parcels (2916 and 2920 E. Monroe Street) and features a diverse mix mix: (3) studios, (3) one-bedrooms, (2) two-bedrooms, and (1) large three-bedroom unit over 1,000 SF. The asset offers a cap rate of 7.79% on current financials resulting in stable cash flow with upside potential. Current ownership has already completed a full sewer line replacement, mitigating a major capital expense. Strategically located, the property provides convenient access to Downtown Phoenix, Phoenix Sky Harbor International Airport, and major transportation corridors (Loop 202 and I-10), ensuring strong long-term tenant demand and investment stability.
Listing Highlights
Status
Active
Days on Site
13
Property Type
Multi-Family
MLS ®
6990042
Year Built
1944
Total Square Footage
0
Lot/Acreage
N/A
County
Maricopa
Neighborhood
El Molino Place
School District
Wilson Elementary District
Middle School
Wilson Elementary School
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances:
- Air Cond: Central Air,See Remarks,Individual
- Heating: See Remarks,Individual,Heat Pump,Electric
- Fireplaces:
- Floor: Ceramic Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: City Franchise
Exterior Details
- Garage Capacity: N/A
- Roof: Other,Composition,Rolled/Hot Mop
- Others:
- Sewer: Public Sewer
- Parking Features: >1 Space Per Unit,On Street
Financial Details
- Tax Amount: $1,557
- Taxes w/Assessments: N/A
- Tax/Property ID: 121-65-018
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
2916 E Monroe St Phoenix, AZ 85034
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