Properties

Phoenix, AZ 85009 1945 W VAN BUREN Street

Pending
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Presented By: JM Realty; 480-785-5612
  • MLS# 6785949
  • 11/19/2024
  • Get pre-approved
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Home Details

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!
Presented By: JM Realty; 480-785-5612

Interior Features for 1945 W VAN BUREN Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringVinyl, Concrete
Heating Y/NYes

General for 1945 W VAN BUREN Street

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Block
CoolingOther
CountyMaricopa
DirectionsWest on Van Buren to the property on the SEC of 20th and Van Buren
DisclosuresNone
ElectricAPS
Elementary School DistrictPhoenix Elementary District
Garage Y/NNo
Gross Income0.0
HeatingOther
High School DistrictPhoenix Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
MobileHomeRemainsYNNo
Net Operating Income0.0
New ConstructionNo
New Financing: CashTrue
Number Of Units Total22
Occupancy TypeVacant
Open Parking Spaces9.0
Operating Expense6034.0
OwnerPaysElectricity, Water
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofTile
Senior CommunityN
SewerPublic Sewer
Standard StatusPending
StatusPending
Subdivision NameCAPITOL ADDITION
Tax Annual Amount6034.0
Tax Lot11
Tax Year2024
Township1N
Virtual TourClick here
Year Built1952
ZoningC3

Exterior for 1945 W VAN BUREN Street

Covered Spaces4.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions91 x 161
Number of Buildings4
Parking FeaturesPaved, On Street
Road Surface TypeAsphalt
SpaNo
Total Parking13.0
Water SourceCity Franchise

Additional Details

Price History

Connect Realty

Price $1,099,900
MLS#6785949
List Date 11/19/2024
Property Type Pending
Phone 888.795.6274
Get pre-approved
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