$1,199,900
Phoenix, AZ 85009
MLS# 6785949
1 / 24
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.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $1,199,900
List Price: $1,199,900
Status: Active
List Date: 2024-11-19
Location, Tax & Legal
Assessor's Map #: 31
Legal Description (Abbrev): CAPITOL MCR 2-13 LOTS 12 13 & LOT 11 EX E 30F BLK 53 & PT VAN BUREN ST VAC LY N & ADJ TO SD LOTS & A
Assessor's Parcel #: 103
Assessor Parcel Ltr: A
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 114402
Taxes: 6034
Legal: CAPITOL MCR 2-13 LOTS 12 13 & LOT 11 EX E 30F BLK 53 & PT VAN BUREN ST VAC LY N & ADJ TO SD LOTS & A
Marketing Name: CAPITOL
House Number: 1945
Compass: W
Street Name: VAN BUREN
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85009
Zip4: 3805
County Code: Maricopa
Subdivision: CAPITOL ADDITION
Assessor Number: 109-31-103-A
Tax Year: 2024
General Property Description
# of Buildings: 4
Uncvrd Parking Spcs: 9
Lot Size Dimensions: 91 x 161
Flood Zone: TBD
Total # of Units: 22
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Year Built: 1952
Zoning: C3
Legal Info
Range: 2E
Section: 12
Township: 1N
Lot Number: 11
Project Type
13 - 24 Units: 1
Other Type
House + Rental Units: 1
Hotel/Motel: 1
Construction
Block: 1
Const - Finish
Painted: 1
Roofing
Tile: 1
Floors
Concrete: 1
Vinyl: 1
Sale Includes
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 6034
Other Income: 0
Vacancy Allowance: 0
Adjusted Gross Inc: 0
Total Monthly Rental Income: 0
Pmt & Rate Info
Equity: 1249900
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Combo: 1
Community Features
No Pool: 1
Heating
Other: 1
Cooling
Other: 1
Tenant Pays
Other (See Remarks): 1
Appliances Included
None: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Other (See Remarks): 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
Paved: 1
Electric
APS: 1
Gas
None: 1
Owner Pays
Water: 1
Electric: 1
New Financing
Cash: 1
No Carry: 1
Other (See Remarks): 1
Special
REO Property: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
Other (See Remarks): 1
Contact Info
List Agent Home Phn: 480-785-5612
Efficiency Units
# Efficiency Units: 20
Avg Rent: 0
Avg SqFt: 325
# Baths: 1
1 Bedroom Units
Avg Rent: 0
# Baths: 1
2 Bedroom Units
Avg Rent: 0
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: 19th Ave and Van Buren
Directions: West on Van Buren to the property on the SEC of 20th and Van Buren
Geo Lat: 33.450904
Geo Lon: -112.102044
Property Features
Project Type: 13 - 24 Units
Other Type: House + Rental Units; Hotel/Motel
Construction: Block
Const - Finish: Painted
Roofing: Tile
Floors: Concrete; Vinyl
Sale Includes: Land & Building; Personal Property; Laundry Equipment
Community Features: No Pool
Appliances Included: None
Heating: Other
Cooling: Other
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: None
Parking Features: On Street; Paved
Road Surface Type: Asphalt
Owner Pays: Water; Electric
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Other (See Remarks)
Special: REO Property
Lockbox Type: Supra; Combo
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; No Carry; Other (See Remarks)
Environmental: Other (See Remarks)
Supplements
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!
Listing Office: JM Realty
Last Updated: December - 18 - 2025
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