1945 W VAN BUREN Street Active Save Request In-Person Tour Request Virtual Tour
Phoenix,AZ 85009
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Capitol Addition
MLS Listing ID 6785949
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1952
Annual Tax Amount $6,034
Tax Year 2024
Lot Dimensions 91 x 161
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. 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!
Location
State AZ
County Maricopa
Community Capitol Addition
Zoning C3
Direction West on Van Buren to the property on the SEC of 20th and Van Buren
Interior
Heating Other
Cooling Other
Flooring Vinyl,Concrete
Appliance None
Exterior
Parking Features Paved Parking,Street Parking
Community Features No Pool
Roof Type Tile
Total Parking Spaces 13
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 109-31-103-A
Acceptable Financing Other (See Remarks),No Carry
Listing Terms Other (See Remarks),No Carry