AZ
Maricopa
Phoenix
85015
5035 N 23RD Avenue
5035 N 23RD Avenue, Phoenix, AZ 85015
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Listing Type
Multi Family
Listing Status
Active
79
$1,780,000

Home Details for 5035 N 23RD Avenue

Price
$1,780,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1958
County
Maricopa
Garage
Days on site
0
Listing #
6993194
Listing Courtesy: Better Homes & Gardens Real Estate SJ Fowler - 480-649-3536
Property Description

This Uptown PHX 9 unit complex is spread out on close to a 25,000 sf lot with R-3 zoning. Nice pocket north of Camelback Rd. 1 mile east of GCU & 1/2 mile east of the I-17. The complex is buffered by the SRP-Westwood substation to the west, a newly-built fire station to the south, & owner-occupied properties on the same block. Hard to find SELLER FINANCING available, but not required (6% interest-only with 30% down). Fully upgraded & fully stabilized with close to a 7 CAP (based on the 2025 P&L of $122,000 NOI). Seven total buildings. The unit mix consists of (2) two bedroom units; (4) one bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. These units could be re-positioned for GCU students or short-term rentals. DND residents.

Property Features
  • Cooling Information
    • Central Air
    • Other
    • Electric
    • Heat Pump
  • Heating Information
    • Other
    • Heat Pump
    • Electric
    • Natural Gas
  • Parking
    • Off Street
    • Paved
    • Assigned
  • Water Features
    • See Remarks
    • Public
  • Utilities
    • Sewer Connected
School Information
School Information for 5035 N 23RD Avenue, Phoenix, AZ 85015
Elementary School
N/A
Middle School
N/A
High School
Central High School
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Last Updated: 2026-03-05 11:11:44
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64 E. Broadway Rd. Ste 200, Tempe, AZ 85282
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