For Sale Multi-Family MLS# 7075484

2242 E TAYLOR Street

Phoenix, AZ 85006

$639,000

About 2242 E TAYLOR Street

A five-unit multifamily investment opportunity in the heart of Phoenix, Arizona. Originally constructed in 1944, the asset features a mix of 1, 2, and 3 bedroom floor plans. Each of the units have been updated within the last few years; however, future ownership will have the opportunity to capture additional upside through continued interior and exterior renovations. The asset is situated with convenient access to Downtown Phoenix, Sky Harbor International Airport, and major transportation corridors including Loop 202 and I-10. The current cap rate is 7.15% and the seller would be open to carrying with 40% down. An offering memorandum including additional photos is available upon request.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1944
Original price
$639,000
MLS #
7075484

Interior

Features
Central Air, 2 or More Units, Electric, Ceramic Tile, Vinyl
Flooring
Ceramic Tile, Vinyl
Heating
Electric
Cooling
Central Air, 2 or More Units

Exterior & lot

Features
Sidewalk(s), Paved, Free, <1 Space Per Unit, Parking spaces: 10
Construction
Wood Frame, Painted, Stucco, Composition
Roof
Composition
Lot
R-4, 11601043
Parking
Paved, Free, <1 Space Per Unit

Schools

District
Wilson Elementary District
Elementary
Wilson Elementary School
Middle
Wilson Elementary School
High
North High School

Utilities

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

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$1,093
Tax year
2025
Parcel
11601043

Location

Subdivision
AVIATION HOMESITES
County
Maricopa
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Wilson Elementary District

Location

Neighborhood
AVIATION HOMESITES
School district
Wilson Elementary District

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Listed by Bradley Skenderian, Matthews Real Estate Investment Services

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.