5035 N 23rd Ave., Phoenix, AZ 85015

5035 N 23rd Ave., Phoenix, AZ 85015
Photo 1 of 79
$1,699,000
Beds Baths Sq. Ft. Taxes Built
0 $6,272 1958
On the market: 47 days
Recent price change: $1,780,000

Est. Monthly Payment:

$10,696($10,173 + $523 taxes*)

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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.
Listing courtesy of James Stephens, Better Homes & Gardens Real Estate SJ Fowler