Properties
Phoenix, AZ 85020 1224 E DUNLAP Avenue
$1,550,000
11 more
Presented By: Axen Realty, LLC; 623-846-7700
Home Details
Find your prime investment opportunity today! This is an 8-unit low-rise complex. Built in 1980, but was extensively upgraded in 2023, making it a turnkey investment with significant potential for income growth.
Offering a mix of two standalone 2-bedroom, 2-bathroom units and six 2-bedroom, 1-bathroom units, with modern amenities and high-quality finishes. Each unit features spacious living areas, updated kitchens and bathrooms, and individual storage units. The complex also boasts ample parking with 24 spaces and a well-maintained exterior. The proximity to major employers, shopping centers, hiking trails, and parks puts it in a highly desirable location, this property is perfect for long term tenants!
Presented By: Axen Realty, LLC; 623-846-7700
Interior Features for 1224 E DUNLAP Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCarpet, Ceramic Tile, Vinyl
Heating Y/NYes
General for 1224 E DUNLAP Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.05
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingCentral Air, Ceiling Fan(s), Individual
CountyMaricopa
DirectionsFrom SR-51 Freeway exit on Northern and head west. Turn right on N 12th St then turn right on Dunlap Ave. Property will be on the left.
DisclosuresNone
ElectricAPS, Submetered System
Garage Y/NNo
Gross Income133418.73
HeatingIndividual, Central
High School DistrictGlendale Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income102913.73
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total8
Occupancy TypeTenant
Open Parking Spaces24.0
Operating Expense30505.0
OwnerPaysTrash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition
Security FeaturesSecurity Light(s)
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount3005.0
Tax Lot0
Tax Year2023
Township3N
Year Built1980
ZoningR-3
Exterior for 1224 E DUNLAP Avenue
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot DimensionsUnknown
Number of Buildings3
Parking FeaturesPaved, >1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking24.0
Water SourceCity Franchise
Additional Details
Price History
