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The Warburton Team Brokered By EXp

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

$1,100,000

Est. payment - /mo

4 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision University Addition

MLS Listing ID 7087221

Bedrooms 4

Year Built 1953

Annual Tax Amount $1,263

Tax Year 2026

Lot Dimensions 6250

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

This investment consists of four red-brick historic townhomes located just off Grand Avenue in the Triangle neighborhood, within walking distance of downtown. Each unit includes a private rear yard and full side-by-side laundry. The interiors feature eat-in kitchens with solid wood cabinets, granite countertops, stainless steel appliances, gas ranges, and oversized tub sinks. Units also feature vinyl plank flooring, central AC, double-pane windows and 55 inch TVs. The property is offered at a 5+ cap rate based on current actuals with long-term residents in place. New approved development across the street offers additional future value.

Location

State AZ

County Maricopa

Community University Addition

Area Maricopa

Zoning RES

Direction Grand Ave to 9th Ave, North to Property

Interior

Heating Central

Cooling Central Air

Flooring Other

Appliance Disposal, Dishwasher, Refrigerator, Built-In Gas Oven, Washer/Dryer

Exterior

Parking Features Other

Community Features Other

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 111-30-035

Ownership Fee Simple

Acceptable Financing Cash, Conventional, 1031 Exchange

Disclosures None

Listing Terms Cash, Conventional, 1031 Exchange

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Listed by LISTED SIMPLY • Sinan Zakaria

NEARBY SCHOOL & BUSINESS

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508 N 9TH Avenue Phoenix, AZ 85007