1538 W OSBORN Road Active Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85015
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Encanto Westwood
MLS Listing ID 6756497
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1953
Annual Tax Amount $1,391
Tax Year 2023
Lot Dimensions 16848
Property Description
Unlock exceptional returns with this fully renovated 8-unit luxury multifamily property in thriving Midtown Phoenix. Located minutes from Downtown and the airport, this turnkey investment features high-end finishes, modern, fully furnished units, and a resort-style courtyard with a 6-hole putting green, waterfall, and gated dog play area.
Boasting a 2023 Gross Rental Income of $365,061.50 and a favorable GRM of 9.02, this property offers immediate income and strong future appreciation potential. Positioned in one of Phoenix's most desirable neighborhoods, this gated community is perfect for short-term and long-term tenants, driven by Midtown's vibrant cultural, business, and lifestyle scene. Rare opportunity to acquire a top-performing asset in a high-growth market.
Location
State AZ
County Maricopa
Community Encanto Westwood
Zoning [M-H] MULTI-FAM
Interior
Heating Individual,Central,Natural Gas
Cooling Central A/C,Individual,Ceiling Fan(s)
Flooring Other,Ceramic Tile,Concrete
Appliance F/S Oven/Range,Microwave,Washer/Dryer
Exterior
Parking Features Other (See Remarks),Street Parking,Common
Community Features Other,Barbecue,Shuffle Brd/Lawn Bwl,Golf/Putting Green,Play Area
Roof Type Composition
Total Parking Spaces 10
Building
Sewer Public Sewer
Water City Franchise,Individual Meter
New Construction No
Others
Senior Community No
Tax ID 110-15-091
Acceptable Financing Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Conventional,1031 Exchange,FHA,VA Loan