NEW! Buy and sell safely with virtual options - Learn More
About the Listing MRE001 - bs695
The Gem on Missouri is a 29-unit multifamily community positioned in the highly desirable Midtown Phoenix submarket. Located at 1623 & 1625 W Missouri Ave, the property was originally constructed in 1963 and spans approximately ±22,400 square feet, with an average unit size of ±772 SF, offering efficient and functional floor plans that appeal to a broad renter base. The property is currently achieving average rents of approximately $1,074, below market comparables averaging $1,317, representing upside of approximately $243 per unit. The asset has already undergone comprehensive interior renovations, including upgraded finishes and in-unit washer and dryer across all units, positioning this as primarily operational value-add opportunity
Listing Highlights
Status
Active
Days on Site
14
Property Type
Multi-Family
MLS ®
7033404
Year Built
1964
Total Square Footage
0
Lot/Acreage
N/A
County
Maricopa
Neighborhood
Denton Tract
School District
Osborn Elementary District
Elementary School
Solano School
Interior Details
- Bedrooms: 29
- Bathrooms: 35 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Individual
- Heating:
- Fireplaces:
- Floor: Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Master Meter
Exterior Details
- Garage Capacity: N/A
- Roof: Composition
- Others: Sidewalk(s)
- Sewer: Public Sewer
- Parking Features: Paved,Free,1 Space/Unit,Carport
Financial Details
- Tax Amount: $4,064
- Taxes w/Assessments: N/A
- Tax/Property ID: 156-39-007-D
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
1623 W Missouri Ave Phoenix, AZ 85015
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
