Properties
Phoenix, AZ 85015 5035 N 23RD Avenue
$1,780,000
74 more
Presented By: Better Homes & Gardens Real Estate SJ Fowler; 480-649-3536
Home Details
This Uptown PHX 9 unit complex is spread out on close to a 25,000 sf lot (R-3). Nice pocket north of Camelback Rd. 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. 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 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
Presented By: Better Homes & Gardens Real Estate SJ Fowler; 480-649-3536
Interior Features for 5035 N 23RD Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringLaminate, Other, Ceramic Tile, Vinyl, Wood, Concrete
Heating Y/NYes
General for 5035 N 23RD Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.87
Carport Y/NNo
CityPhoenix
Community FeaturesOther, See Remarks, No Pool
Construction MaterialsWood Frame, Painted, Stucco, Block
CoolingOther, See Remarks, Electric, Heat Pump
CountyMaricopa
DirectionsEast of the I-17 and north of Camelback Rd.
DisclosuresOther (See Remarks), Seller Prop Disc Stm
ElectricSRP
Electric Expense0.0
Elementary School DistrictAlhambra Elementary District
Fuel Expense0.0
Garage Y/NNo
Gross Income171282.6
HeatingOther, Heat Pump, Electric, Natural Gas
High SchoolCentral High School
High School DistrictPhoenix Union High School District
Insurance Expense0.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
MaintenanceExpense0.0
MobileHomeRemainsYNNo
Net Operating Income122302.0
New ConstructionNo
New Financing: CashTrue
New Financing: ConventionalTrue
Number Of Units Total9
Occupancy TypeTenant
Open Parking Spaces14.0
Operating Expense48980.6
OwnerPaysSee Remarks, Trash Collection, Water, Sewer, Landscaping
OwnershipFee Simple
OwnershipFee Simple
Property TypeMultiple Dwellings
Rent Control Y/NNo
RoofComposition, Rolled/Hot Mop
Senior CommunityN
SewerSee Remarks, Sewer-In & Connected, Public Sewer
Standard StatusActive
StatusActive
Subdivision NameCAMELBACK GARDENS
Tax Annual Amount6272.0
Tax Lot4
Tax Year2025
Township2N
Trash Expense0.0
Water Sewer Expense0.0
Year Built1958
ZoningR3
Exterior for 5035 N 23RD Avenue
Covered Spaces0.0
Crops Included Y/NNo
Exterior AmenitiesSidewalk(s)
Irrigation Water Rights Y/NNo
Lot Dimensions.556 acres
Number of Buildings7
Parking FeaturesOff Street, Paved, Free, Assigned, >1 Space Per Unit
Road Surface TypeAsphalt
SpaNo
Total Parking14.0
Water SourceSee Remarks, City Franchise
Additional Details
Price History
Schools
Middle School
N/A
Elementary School
N/A
High School
Central High School
