2719 W MARYLAND Avenue, Phoenix AZ 85017
$1,325,000
Brokerage: Ivy Realty(623) 299-4954
Home facts
- Price
- $1,325,000
- Status
- Active
- Beds
- 10
- Baths
- 8
- Year built
- 1971
- Type
- F
- Pool
- No
- Water
- City Franchise
- Sewer
- Sewer - Public
- Subdivision
- AMBASSADOR HTS 9-14
- MLS #
- 7043158
Listed by Matthews Real Estate Investment Services · 310-388-0788
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.
Features
Roof
Built-Up
Sewer
Sewer - Public
Cooling
Electric, Individual
Heating
See Remarks, Electric
Electric
SRP
Flooring
Vinyl
WaterSource
City Franchise
ParkingFeatures
Paved, 1 Space/Unit
CommunityFeatures
No Pool
ConstructionMaterials
Wood Frame, Painted, Block
Map
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:32 PM (Arizona time).
Listing information courtesy of the Arizona Regional Multiple Listing Service (ARMLS). Information deemed reliable but not guaranteed. Copyright ARMLS.
Use of this search or AI does not create an agency relationship. Agency begins only with a written agreement with Ivy Realty.
Ivy Realty · 20325 N 51st Ave, Bldg 5, Ste 134, Glendale, AZ 85308 · (623) 299-4954 · Designated Broker Ivy Clay, License #LC722089000
Equal Housing Opportunity
Licensees: see Ivy Realty plans (100% plan $25/mo + $395 per closed transaction, or 80/20 with $0 monthly and $0 per transaction).