For Sale Multi-Family MLS# 7081271

1538 W MCKINLEY Street

Phoenix, AZ 85007

$624,900

About 1538 W MCKINLEY Street

Turnkey triplex opportunity near the Roosevelt Arts District! This updated multifamily property offers an attractive combination of modern interiors, private outdoor space and features designed for strong tenant appeal. Currently generating $3,700/month in gross rents. The property consists of three individually accessed residences, including a 2-bedroom/1-bath unit and two 1-bedroom/1-bath units. Interiors have been extensively updated with wood-look tile flooring, white shaker cabinetry, quartz countertops, stainless-steel appliances and beautifully finished walk-in tile showers. Each residence also offers the convenience of an IN UNIT WASHER / DRYER and dishwasher features that help set these units apart from many competing rentals. Outside, residents enjoy private fenced yard/patio areas, low-maintenance desert landscaping and off-street parking, including two covered parking spaces at the rear. Two of the three units received newer HVAC systems as part of the prior renovation. With three separate residences, updated finishes and a central Phoenix location near Downtown, Roosevelt Row and major employment, dining and entertainment destinations, this property offers an excellent opportunity for an investor looking to add a renovated multifamily asset to their portfolio.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1931
Original price
$624,900
MLS #
7081271

Interior

Features
Ceiling Fan(s), Electric, Electric, Ceramic Tile
Flooring
Ceramic Tile
Heating
Electric
Cooling
Ceiling Fan(s), Electric

Exterior & lot

Features
Carport, Parking spaces: 5
Construction
Wood Frame, Painted, Stucco, Composition
Roof
Composition
Lot
R5, 11125032A
Parking
Carport

Schools

District
Phoenix Elementary District
Elementary
Capitol Elementary School
Middle
Capitol Elementary School
High
Central High School

Utilities

Utilities
Sewer - Public, Master Meter
Water
Master Meter
Sewer
Sewer - Public

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$3,311
Tax year
2025
Parcel
11125032A

Location

Subdivision
HOMESTEAD PLACE
County
Maricopa
Neighborhood
Grand Avenue Arts District
Community
Maricopa, Concrete, Arizona Regional Multiple Listing Service 2, Phoenix Elementary District

Location

Neighborhood
Grand Avenue Arts District
Subdivision
HOMESTEAD PLACE
School district
Phoenix Elementary District

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Listed by Jorge Munoz, Realty Executives Arizona Territory

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.