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The Warburton Team Brokered By EXp

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

$1,849,000

Est. payment - /mo

22 Beds

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7092695

Bedrooms 22

Year Built 1960

Annual Tax Amount $3,721

Tax Year 2025

Lot Dimensions 0.68

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

1802 N 26th Pl is an attractive opportunity to acquire a fully occupied 10-unit multifamily asset generating an in-place cap rate of 6.33%, with additional upside through completing remaining interior & exterior renovations. Strong in-place rents and occupancy, coupled with a significant concentration of three and four-bedroom units, provide a compelling competitive advantage in a submarket with strong demand for larger floor plans.

Built in 1960, the property has undergone substantial reconstruction and renovation, including five fully reconstructed units and two renovated units in 2021, while three units remain in classic condition. Recent capital improvements include new roofs, plumbing lines, electrical systems, and upgraded interiors across seven units. The favorable unit mix includes one studio, three one-bedrooms, one two-bedroom, four three-bedroom casitas, and one four-bedroom casita, providing broad tenant appeal and diversified rental demand. Select units offer private patios. All five three- and four-bedroom units have their own washer / dryer, and the remaining five units utilize on-site community laundry.

Ideally positioned between Central Phoenix and the East Valley, the property is minutes from the I-10, SR-51, and Loop 202 Freeways as well as Phoenix Sky Harbor International Airport, Biltmore FashionPark, and the Camelback Corridor, offering residents convenient access to major employment, retail, dining, and entertainment destinations.

Location

State AZ

County Maricopa

Area Maricopa

Zoning R-5

Interior

Heating Varies by Unit

Cooling Ceiling Fan(s), Electric, Varies by Unit

Flooring Ceramic Tile

Appliance Free-Standing Range, Dishwasher, Refrigerator, Microwave, Washer/Dryer, W/D Hookup

Exterior

Parking Features >1 Space Per Unit

Community Features No Pool

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

New Construction No

Others

Senior Community No

Tax ID 120-29-126-A

Ownership Fee Simple

Acceptable Financing Cash, Conventional, 1031 Exchange

Disclosures None

Listing Terms Cash, Conventional, 1031 Exchange

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Listed by ABI Multifamily • Colin Kreager

NEARBY SCHOOL & BUSINESS

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1802 N 26th Place Phoenix, AZ 85008