Properties
Phoenix, AZ 85015 4701 N 23RD Drive
$700,000
14 more
Presented By: RE/MAX Desert Showcase; 623-979-8888
Home Details
Excellent investment property in the heart of Central Phoenix! Located at 4701 N 23rd Dr, Phoenix AZ 85015, this well-maintained triplex features three 2-bedroom, 2-bath units (approx. 996 sq ft each), each individually metered so tenants pay their own utilities. Built in 1985, the property is turnkey and fully occupied with reliable long-term tenants, offering steady cash flow and low owner expenses. Situated near I-17, major employers, dining, and shopping, this multi-unit rental is zoned R-3 and positioned for continued growth in the desirable 85015 area. A smart choice for any investor seeking income potential in the Phoenix rental market.
Presented By: RE/MAX Desert Showcase; 623-979-8888
Interior Features for 4701 N 23RD Drive
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringCeramic Tile
Heating Y/NYes
General for 4701 N 23RD Drive
Additional Parcels Y/NNo
Attached Garage No
Cap Rate0.43
Carport Y/NNo
CityPhoenix
Community FeaturesNo Pool
Construction MaterialsPainted, Stucco, Block
CoolingCentral Air
CountyMaricopa
DirectionsLocated north of Indian School Rd, south of Camelback Rd. From 23rd Ave, head west on Highland Ave. The property is on the northeast corner of 23rd Dr and Highland Ave.
DisclosuresNone
ElectricSRP
Elementary SchoolWestwood Elementary School
Elementary School DistrictAlhambra Elementary District
Garage Y/NNo
Gross Income36000.0
HeatingHeat Pump, Electric
High SchoolAlhambra High School
High School DistrictPhoenix Union High School District
Lease Considered Y/NNo
Lease Renewal Y/NNo
Middle/Junior High SchoolAlhambra Traditional School
MobileHomeRemainsYNNo
Net Operating Income3000.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
New Financing: VATrue
Number Of Units Total3
Open Parking Spaces6.0
Operating Expense4728.0
OwnerPaysLandscaping, None
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofRolled/Hot Mop
Senior CommunityN
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNICELY PLACE
Tax Annual Amount1728.0
Tax Lot8
Tax Year2024
Township2N
Year Built1985
ZoningR-3
Exterior for 4701 N 23RD Drive
Covered Spaces0.0
Crops Included Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions11, 378
Number of Buildings1
Parking Features1 Space/Unit
Road Surface TypeAsphalt
SpaNo
Total Parking6.0
Water SourceCity Franchise
Additional Details
Price History
Schools
High School
Alhambra High School
Middle School
Alhambra Traditional School Middle School
Elementary School
Westwood Elementary School
