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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$711,000

Est. payment - /mo

5 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Steve Rayburn Subdivision

MLS Listing ID 7064669

Bedrooms 5

Year Built 1946

Annual Tax Amount $1,518

Tax Year 2025

Lot Dimensions 8,093 sqft

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Exceptional investment opportunity in the heart of Phoenix! This unique portfolio includes three separate single-family homes being offered together at one price: 830 S 15th Ave (2 bed/1 bath), leased through 10/31/2026 at $1,838.55 per month; 820 S 15th Ave (1 bed/1 bath), leased through 8/31/2027 at $1,553.07 per month; and 1501 W Hadley St (2 bed/1 bath), leased through 11/30/2026 at $1,636.00 per month. Generating approximately $5,027.62 in monthly gross rental income, this portfolio provides immediate cash flow, built-in stability, and long-term investment potential. Whether you're looking to expand your rental portfolio, or take advantage of a unique house-hacking opportunity - live in one home while collecting income from the other two, this property offers exceptional flexibility and a rare opportunity to own multiple income-producing homes in a rapidly growing area.
All three homes have separate electric and gas meters, simplifying utility management. All major remodeling was completed in 2021, with updated finishes throughout, making this a true turnkey investment. Each home features a private fenced yard for added privacy and outdoor enjoyment and includes essential appliances such as a stove, refrigerator, and washer/dryer to support tenant satisfaction and minimize ownership expenses. Perfectly positioned for flexible ownership, multigenerational living, or long-term portfolio growth, these properties are conveniently located near Downtown Phoenix, major freeways, public transportation, employment centers, shopping, dining, and entertainment, benefiting from strong rental demand and excellent accessibility. DRIVE-BY ONLY -- please do not disturb tenants. Walkthroughs available with accepted offers only. Act quickly--opportunities like this do not come around often. Buyer to verify all facts and figures.

Location

State AZ

County Maricopa

Community Steve Rayburn Subdivision

Area Maricopa

Zoning R3

Interior

Heating Electric

Cooling Central Air, Ceiling Fan(s), Electric, Individual

Flooring Vinyl

Appliance Disposal, Dishwasher, Refrigerator, Free-Standing Electric Oven, Microwave, Washer/Dryer

Exterior

Parking Features Off Street, Carport

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water Master Meter, City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 112-14-081-C

Acceptable Financing Conventional, 1031 Exchange, FHA

Disclosures None

Listing Terms Conventional, 1031 Exchange, FHA

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Listed by Fathom Realty • Ari Verma

NEARBY SCHOOL & BUSINESS

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830 S 15TH Avenue Phoenix, AZ 85007