5225 N 23rd Ave., Phoenix, AZ 85015

Triplex in the Heart of Central Phoenix, all individual bungalows perfect for the high rental demand area. Each bungalow is private to feel like individual homes rather than apartments and the complex has an empty lot in the backyard that offers options. Solid neighborhood near GCU and has been recognized as rapid appreciation. 2 of the 3 units are leased, the vacant one was recently remodeled in 2021, now move in ready and can be rented traditionally or student housing. Owner has professionally-managed. Tenants pay utilities, units have separate HVAC split systems with tenants paying own electric. Property is on one water meter but tenants are back billed. Each unit has private parking and private patios. All units share the same floor plan, contact to view the vacant unit. Showings in escrow, please do not bother the tenants. Pro forma rents $850+/unit. Buyer to complete/rely on own due diligence.