For Sale Multi-Family MLS# 7043158

2719 W MARYLAND Avenue

Phoenix, AZ 85017

$1,325,000

About 2719 W MARYLAND Avenue

Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.

Property details

Property

Type
multi
MLS type
Multi Family Home
Status
Active
Year built
1971
Original price
$1,385,000
MLS #
7043158

Interior

Features
Electric, Individual, Vinyl
Flooring
Vinyl
Heating
Electric
Cooling
Electric, Individual

Exterior & lot

Features
Paved, 1 Space/Unit, Parking spaces: 12
Construction
Wood Frame, Painted, Block, Built-Up
Roof
Built-Up
Lot
R-3, 15214014A
Parking
Paved, 1 Space/Unit

Schools

District
Glendale Union High School District

Utilities

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

Financial

Financial
Arizona Regional Multiple Listing Service 2
Annual tax
$2,493
Tax year
2025
Parcel
15214014A

Location

Subdivision
AMBASSADOR HTS 9-14
County
Maricopa
Neighborhood
Grandview
Community
Maricopa, Asphalt, Arizona Regional Multiple Listing Service 2, Glendale Union High School District

Location

Neighborhood
Grandview
Subdivision
AMBASSADOR HTS 9-14
School district
Glendale Union High School 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.