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About the Listing MRE001 - bs695
Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.
Listing Highlights
Interior Details
- Bedrooms: 7
- Bathrooms: 2 Full
- Appliances:
- Air Cond: Electric,Individual
- Heating: See Remarks,Electric
- Fireplaces:
- Floor: 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: Paved,1 Space/Unit
Financial Details
- Tax Amount: $2,493
- Taxes w/Assessments: N/A
- Tax/Property ID: 152-14-014-A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
2719 W Maryland Ave Phoenix, AZ 85017
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