AZ
Maricopa
Phoenix
85015
5035 N 23RD Avenue
5035 N 23RD Avenue, Phoenix, AZ 85015
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Listing Type
Multi Family
Listing Status
Active
79
$1,699,000

Home Details for 5035 N 23RD Avenue

Price
$1,699,000
Type
Residential Income
Year built
1958
County
Maricopa
Days on site
90
Listing #
6993194
Listing Courtesy: Better Homes & Gardens Real Estate SJ Fowler - 480-649-3536
Property Description

Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven buildings. The unit mix consists of (2) two-bedroom units; (4) one-bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. Over $250,000 in renovations just a few years ago.

Property Features
  • Cooling Information
    • Central Air
    • Other
    • Electric
    • Heat Pump
  • Heating Information
    • Other
    • Heat Pump
    • Electric
    • Natural Gas
  • Parking
    • Off Street
    • Paved
    • Assigned
  • Water Features
    • See Remarks
    • Public
  • Utilities
    • Sewer Connected
School Information
School Information for 5035 N 23RD Avenue, Phoenix, AZ 85015
Elementary School
N/A
Middle School
N/A
High School
Central High School
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Last Updated: 2026-05-26 13:20:55
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64 E. Broadway Rd. Ste 200, Tempe, AZ 85282
Office
480 791 4604
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