5035 N 23RD Avenue, Phoenix, AZ 85015
5035 N 23RD Avenue, Phoenix, AZ 85015
5035 N 23RD Avenue, Phoenix, AZ 85015
5035 N 23RD Avenue, Phoenix, AZ 85015
5035 N 23RD Avenue, Phoenix, AZ 85015
5035 N 23RD Avenue, Phoenix, AZ 85015
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Eric Ravenscroft

Eric Ravenscroft

+1(480) 269-5858
$ 1,699,000
Est. payment | /mo

11 Beds

Save
$ 1,699,000
Est. payment | /mo
Save

11 Beds

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Camelback Gardens

MLS Listing ID 6993194

Bedrooms 11

Year Built 1958

Annual Tax Amount $6,272

Tax Year 2025

Lot Dimensions .556 acres

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

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.

Location

State AZ

County Maricopa

Community Camelback Gardens

Area Maricopa

Zoning R3

Direction East of the I-17 and north of Camelback Rd.

Interior

Heating Other, Heat Pump, Electric, Natural Gas

Cooling Other, See Remarks, Electric, Heat Pump

Flooring Ceramic Tile

Appliance Free-Standing Range, Other, Dishwasher, Refrigerator, See Remarks, Microwave

Exterior

Exterior Feature Sidewalk(s)

Parking Features Off Street, Paved, Free, Assigned, >1 Space Per Unit

Community Features Other, See Remarks, No Pool

Roof Type Composition,Rolled/Hot Mop

Private Pool No

Building

Sewer See Remarks, Sewer-In & Connected, Public Sewer

Water See Remarks, City Franchise

Structure Type Sidewalk(s)

New Construction No

Schools

High Schools Central High School

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 153-25-053

Acceptable Financing Owner May Carry, Other (See Remarks), Conventional

Disclosures Other (See Remarks), Seller Prop Disc Stm

Listing Terms Owner May Carry, Other (See Remarks), Conventional

Arizona Regional MLS (ARMLS)

Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.

Listed by Better Homes & Gardens Real Estate SJ Fowler • James C Stephens

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Eric Ravenscroft

"We Aspire to Be Great By Serving Others. Welcome to A Real Estate Experience Like No Other"

+1(480) 269-5858

eric@theravenscroftgroup.com

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5035 N 23RD Avenue