AZ > Phoenix > Capitol Addition
Phoenix, AZ 85009,1945 W VAN BUREN Street
Phoenix, AZ 85009,1945 W VAN BUREN Street
Phoenix, AZ 85009,1945 W VAN BUREN Street
Phoenix, AZ 85009,1945 W VAN BUREN Street
Phoenix, AZ 85009,1945 W VAN BUREN Street
Phoenix, AZ 85009,1945 W VAN BUREN Street
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Eric Ravenscroft, CRS

Eric Ravenscroft, CRS

+1(805) 815-5695
$ 1,535,000
Est. payment | /mo
Save Virtual Tour
$ 1,535,000
Est. payment | /mo
Save Virtual Tour

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Capitol Addition

MLS Listing ID 6785949

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1952

Annual Tax Amount $6,034

Tax Year 2024

Lot Dimensions 91 x 161

Property Description

EXCEPTIONAL INVESTMENT OPPORTUNITY IN PRIME LOCATION! This 17-21 unit, two-story property, built in 1952, offers an outstanding value-add opportunity for savvy investors. The unit mix includes 17 studio apartments, a manager's quarters, and a front office. With interiors currently vacant and ready for renovation, this property is a blank canvas awaiting your vision. PRIME LOCATION ADVANTAGES: Strategic Access: Situated near US 60/Grand Avenue with easy connections to I-10, I-17, and Loop 202 for seamless commutes across the city. FUTURE GROWTH POTENTIAL: A planned light rail extension along Van Buren will place this property in a key transit-oriented area, enhancing accessibility and desirability. CONVENIENT PROXIMITY:Located just one mile west of downtown Phoenix and minutes from Phoenix Sky Harbor Airport, this property is ideally positioned for tenants seeking urban convenience. While the property requires a full remodel to address deferred maintenance, its competitive list price reflects its incredible upside potential. This is your chance to reimagine and revitalize a property in a thriving area with high rental demand. Visualize the Potential:
To help showcase the property's possibilities, the listing may include virtually renovated photos, giving you a glimpse into how this space can be transformed into a modern, income-generating asset.
Don't let this rare investment opportunity slip awayact quickly, as it won't last long!

Location

State AZ

County Maricopa

Community Capitol Addition

Zoning C3

Direction West on Van Buren to the property on the SEC of 20th and Van Buren

Interior

Heating Other

Cooling Other

Flooring Vinyl, Concrete

Appliance None

Exterior

Garage Paved Parking, Street Parking

Community Features No Pool

Waterfront No

Roof Type Tile

Total Parking Spaces 13

Building

Sewer Public Sewer

Water City Franchise

New Construction Yes

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 109-31-103-A

Acceptable Financing Other (See Remarks), No Carry

Listing Terms Other (See Remarks), No Carry

Arizona Regional MLS (ARMLS)

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by JM Realty

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1945 W VAN BUREN Street