For Sale Multi-Family MLS# 6785949

1945 W VAN BUREN Street

Phoenix, AZ 85009

$899,900

Take the tour

About 1945 W VAN BUREN Street

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!

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1952
Original price
$1,535,000
MLS #
6785949

Interior

Features
Other, Vinyl, Concrete
Flooring
Vinyl, Concrete
Heating
Other
Cooling
Other

Exterior & lot

Features
Paved, On Street, Parking spaces: 13
Construction
Painted, Block, Tile
Roof
Tile
Lot
C3, 10931103A
Parking
Paved, On Street

Schools

District
Phoenix Elementary District

Utilities

Utilities
Public Sewer, City Franchise
Water
City Franchise
Sewer
Public Sewer

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$6,034
Tax year
2024
Parcel
10931103A

Location

Subdivision
CAPITOL ADDITION
County
Maricopa
Neighborhood
St. Matthew's
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Phoenix Elementary District
Directions
West on Van Buren to the property on the SEC of 20th and Van Buren

Location

Neighborhood
St. Matthew's
Subdivision
CAPITOL ADDITION
School district
Phoenix Elementary District

Ask about this property

Questions on 1945 W VAN BUREN Street, Phoenix, AZ 85009, or want to see it in person?

Listed by Joseph P Mahoney, JM Realty

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.