For Sale Multi-Family MLS# 7043158

2719 W MARYLAND Avenue

Phoenix, AZ 85017

$1,325,000

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Listing Office

Officearizona-regional-mls-rsd logoMatthews Real Estate Investment Services
AgentBradley Skenderian
Phone310-388-0788

About 2719 W MARYLAND Avenue

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.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1971
Original price
$1,385,000
MLS #
7043158

Interior

Features
true, Electric, Varies by Unit, Vinyl
Flooring
Vinyl
Heating
true, Electric
Cooling
true, Electric, Varies by Unit

Exterior & lot

Features
Paved, 1 Space/Unit, Parking spaces: 12
Construction
Wood Frame, Painted, Block, Built-Up
Roof
Built-Up
Lot
R-3, AMBASSADOR HTS PT LOT 4 E2 LOT 4 EX W 267.81' & EX S 150F & EX E 300F TH/OF & EX N 30F RD, 15214014A
Parking
Paved, 1 Space/Unit

Schools

District
Glendale Union High School District

Utilities

Utilities
Public Sewer, City Franchise, SRP, Electricity on Property
Water
City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$2,493
Tax year
2025
Parcel
15214014A
Legal
AMBASSADOR HTS PT LOT 4 E2 LOT 4 EX W 267.81' & EX S 150F & EX E 300F TH/OF & EX N 30F RD

Location

Subdivision
AMBASSADOR HTS 9-14
County
Maricopa
Neighborhood
Grandview
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Glendale Union High School District

Location

Neighborhood
Grandview
Subdivision
AMBASSADOR HTS 9-14
School district
Glendale Union High School District

Interested in this home?

Questions on 2719 W MARYLAND Avenue, Phoenix, AZ 85017, or want to see it in person?

The Anderson Team · (480) 900-9140

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