5035 N 23rd Avenue, Phoenix, AZ 85015
- $1,699,000
- List Price
- $1,699,000
- Status
- ACTIVE
- Days on Market
- 167
- Price Change
- ▼ $81,000 1776485855
- MLS#
- 6993194
- Subtype
- Multiple Dwellings
- Year Built
- 1958
- Subdivision
- Camelback Gardens
Property Description
Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 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. Over $250,000 in renovations just a few years ago.
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Additional Information
- Exterior Features
- Sidewalk(s)
- Taxes
- $6,272
- Zoning
- R3
- Flooring
- Ceramic Tile, Other
- Heating
- Electric, Natural Gas, Heat Pump, Other
- Air Conditioning
- Heat Pump, Other, Electric, See Remarks
- Exterior Construction
- Block, Wood Frame, Painted, Stucco
- Parking Features
- Open, Paved, >1 Space Per Unit, Assigned, Off Street
- High School
- Central High School
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Listing courtesy of Listing Agent: James C Stephens (602-672-3526) from Listing Office: Better Homes & Gardens Real Estate SJ Fowler.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.