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$959,000
Phoenix, AZ 85008
MLS# 7033472
1 / 3
Property Description
Exceptional investment opportunity in the heart of Central Phoenix featuring six garden-style apartment units with an unbeatable location offering quick access to Downtown Phoenix, Arcadia, the SR-51, and Old Town Scottsdale. This well-positioned property consists of two spacious 3-bedroom/1-bath units, two 2-bedroom/1-bath units, and two studio apartments, providing a diverse unit mix ideal for attracting a wide range of tenants. Several units have been fully renovated with stylish finishes, while others have been thoughtfully updated and still offer additional value-add potential for future improvements and increased rents. Each unit offers a comfortable layout with charming garden-style appeal, creating a welcoming atmosphere for residents. Located near some of Phoenix's most
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $959,000
List Price: $959,000
Status: Active
List Date: 2026-05-18
Location, Tax & Legal
Assessor's Map #: 20
Legal Description (Abbrev): PT W2 SE4 SE4 BEG AT PT 806.33' N OF SW COR OF E 196.83' OF W2 SE4 SE4 E 166.83' N 71.67' W 166.8
Assessor's Parcel #: 81
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 111502
Taxes: 1813
Legal: PT W2 SE4 SE4 BEG AT PT 806.33' N OF SW COR OF E 196.83' OF W2 SE4 SE4 E 166.83' N 71.67' W 166.8
Marketing Name: CENTRAL PHX
House Number: 1812
Compass: N
Street Name: 31ST
St Suffix: Place
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85008
Zip4: 3775
Country: US
County Code: Maricopa
Assessor Number: 120-20-081
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 6
Lot Size Dimensions: IRR
Flood Zone: No
Total # of Units: 6
Elementary School District: Creighton Elementary District
High School District: Phoenix Union High School District
Elementary School: The Creighton Academy
Jr. High School: The Creighton Academy
High School: Camelback High School
Year Built: 1972
Zoning: R-3
Legal Info
Range: 3E
Section: 35
Township: 2N
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Roofing
Composition: 1
Floors
Laminate: 1
Tile: 1
Sale Includes
Land & Building: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 1813
Other Income: 0
Vacancy Allowance: 0.05
Adjusted Gross Inc: 83163
Pmt & Rate Info
Equity: 959000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
None: 1
Community Features
No Pool: 1
Heating
Natural Gas: 1
Cooling
Electric: 1
Interior Features
Unfurnished: 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Refrigerator: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
1 Space/Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
New Financing
Cash: 1
Reports/Disclosures
Other (See Remarks): 1
Environmental
Other (See Remarks): 1
Efficiency Units
# Efficiency Units: 2
Avg Rent: 900
Avg SqFt: 235
# Baths: 1
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 2
Avg Rent: 1250
Avg SqFt: 850
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 2
Avg Rent: 1575
Avg SqFt: 861
# Baths: 1
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: MCDOWELL & 31ST ST
Geo Lat: 33.468058
Geo Lon: -112.015462
Income Expenses
Gross Annual Sch Inc: 87540
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Painted
Roofing: Composition
Floors: Laminate; Tile
Sale Includes: Land & Building
Community Features: No Pool
Interior Features: Unfurnished
Appliances Included: Refrigerator
Heating: Natural Gas
Cooling: Electric
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: 1 Space/Unit
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner
Lockbox Type: None
New Financing: Cash
Environmental: Other (See Remarks)
Supplements
Located near some of Phoenix's most popular dining, shopping, entertainment, and employment hubs, this property presents a rare opportunity for both seasoned investors and owner-users seeking strong upside potential in one of the Valley's most desirable rental corridors.
Listing Office: SRL Group
Last Updated: June - 04 - 2026
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