5035 N 23RD Avenue, Phoenix AZ 85015
$1,699,000
Brokerage: Ivy Realty(623) 299-4954
Home facts
- Price
- $1,699,000
- Status
- Active
- Beds
- 11
- Baths
- 9
- Year built
- 1958
- Type
- F
- Pool
- No
- Water
- See Remarks, City Franchise
- Sewer
- Sewer - Public, See Remarks, Sewer-In & Connected
- Subdivision
- CAMELBACK GARDENS
- MLS #
- 6993194
Listed by Better Homes & Gardens Real Estate SJ Fowler · 480-649-3536
Courtesy of ARMLS · Presented by Ivy Realty, (623) 299-4954
About this home
Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven buildings. The unit mix consists of (2) two-bedroom units; (4) one-bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. Over $250,000 in renovations just a few years ago.
Features
Roof
Composition, Rolled/Hot Mop
Sewer
Sewer - Public, See Remarks, Sewer-In & Connected
Cooling
Other, See Remarks, Electric, Heat Pump
Heating
Other, Heat Pump, Electric, Natural Gas
Electric
SRP
Flooring
Laminate, Other, Ceramic Tile, Vinyl, Wood, Concrete
WaterSource
See Remarks, City Franchise
ParkingFeatures
Off Street, Paved, Free, Assigned, >1 Space Per Unit
ExteriorFeatures
Sidewalk(s)
CommunityFeatures
Other, See Remarks, No Pool
ConstructionMaterials
Wood Frame, Painted, Stucco, Block
Map
Source: ARMLS IDX via Ivy Realty, updated Oct 2, 4:33 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).