1945 W VAN BUREN Street, Phoenix, AZ 85009 – 6785949

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$1,495,000

Est. payment - /mo

Price Dropped by $40K

1945 W VAN BUREN Street Phoenix, AZ 85009

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Garrick O'Connell

garrick.oconnell@gmail.com +1(760) 505-2520

UPDATED:

12/19/2024 11:20 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Capitol Addition

MLS Listing ID 6785949

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1952

Annual Tax Amount $6,034

Tax Year 2024

Lot Dimensions 91 x 161

Property Description

EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential:
To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset.
Don't let this rare investment opportunity slip awayact quickly, as it won't last long!

Location

State AZ

County Maricopa

Community Capitol Addition

Zoning C3

Direction West on Van Buren to the property on the SEC of 20th and Van Buren

Interior

Heating Other

Cooling Other

Flooring Vinyl, Concrete

Appliance None

Exterior

Parking Features Paved Parking, Street Parking

Community Features No Pool

Roof Type Tile

Total Parking Spaces 13

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 109-31-103-A

Acceptable Financing Other (See Remarks), No Carry

Listing Terms Other (See Remarks), No Carry

Listed by JM Realty

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Garrick O'Connell

Agent | BRSA669902000

+1(760) 505-2520

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1945 W VAN BUREN Street Phoenix, AZ 85009

Garrick O'Connell

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1945 W VAN BUREN Street