1945 W Van Buren Street Phoenix, AZ 85009
Listing Courtesy of: Arizona Regional MLS / Jm Realty

  1945 W Van Buren Street Phoenix, AZ 85009

Active (55 Days)

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!

MLS #:
6785949
Taxes
$6,034
Type
Multifamily
Year Built
1952
County
Maricopa County

Listed By

Joseph P Mahoney, Jm Realty
Source
Arizona Regional MLS
Last checked Jan 13 2025 at 5:34 PM GMT+0000
Bathroom Details
Heating and Cooling
  • Other
Flooring
  • Concrete
  • Vinyl
Exterior Features
  • Block
  • Painted
  • Roof: Tile
Utility Information
  • Sewer: Public Sewer
Parking
  • Street Parking
  • Paved Parking
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Listing Data Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 1/13/25 09:34.