For Sale Multi-Family MLS# 6993194

5035 N 23RD Avenue

Phoenix, AZ 85015

$1,699,000

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Listing Office

Officearizona-regional-mls-rsd logoBetter Homes & Gardens Real Estate SJ Fowler
AgentJames C Stephens
Phone480-649-3536

About 5035 N 23RD Avenue

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.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1958
Original price
$1,780,000
MLS #
6993194

Interior

Features
true, Other, Electric, Heat Pump, Natural Gas, Laminate, Ceramic Tile, Vinyl, Wood, Concrete
Flooring
Laminate, Other, Ceramic Tile, Vinyl, Wood, Concrete
Heating
true, Other, Heat Pump, Electric, Natural Gas
Cooling
true, Other, Electric, Heat Pump

Exterior & lot

Features
Sidewalk(s), Off Street, Paved, Free, Assigned, >1 Space Per Unit, Parking spaces: 14
Construction
Wood Frame, Painted, Stucco, Block, Composition, Rolled/Hot Mop
Roof
Composition, Rolled/Hot Mop
Lot
R3, CAMELBACK GARDENS MCR 29/37 LOT 4 BLK 3 & W2 OF ABAND ALLEY LY E OF & ADJ TO E LN SD LOT AS ABAND P, 15325053
Parking
Off Street, Paved, Free, Assigned, >1 Space Per Unit

Schools

District
Alhambra Elementary District
High
Central High School

Utilities

Utilities
Public Sewer, Sewer-In & Connected, City Franchise, SRP, Electricity on Property
Water
City Franchise
Sewer
Public Sewer, Sewer-In & Connected

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$6,272
Tax year
2025
Parcel
15325053
Legal
CAMELBACK GARDENS MCR 29/37 LOT 4 BLK 3 & W2 OF ABAND ALLEY LY E OF & ADJ TO E LN SD LOT AS ABAND P

Location

Subdivision
CAMELBACK GARDENS
County
Maricopa
Neighborhood
Simpson
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Alhambra Elementary District
Directions
East of the I-17 and north of Camelback Rd.

Location

Neighborhood
Simpson
Subdivision
CAMELBACK GARDENS
School district
Alhambra Elementary District

Interested in this home?

Questions on 5035 N 23RD Avenue, Phoenix, AZ 85015, or want to see it in person?

The Anderson Team · (480) 900-9140

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