About 5035 N 23rd Avenue
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.
Features of 5035 N 23rd Avenue
| MLS® # | 6993194 |
|---|---|
| Price | $1,699,000 |
| Bedrooms | 11 |
| Bathrooms | 9.00 |
| Year Built | 1958 |
| Type | Multiple Dwellings |
| Status | Active |
Community Information
| Address | 5035 N 23rd Avenue |
|---|---|
| Subdivision | CAMELBACK GARDENS |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85015 |
Amenities
| Amenities / Community Features | Other, See Remarks, No Pool |
|---|---|
| Parking Spaces | 14 |
| Parking | Off Street, Paved, Free, Assigned, >1 Space Per Unit |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Free-Standing Range, Other, Dishwasher, Refrigerator, See Remarks, Microwave |
|---|---|
| Heating | Other, Heat Pump, Electric, Natural Gas |
| Cooling | Other, See Remarks, Electric, Heat Pump |
| Fireplace | No |
Exterior
| Roof | Composition, Rolled/Hot Mop |
|---|---|
| Construction | Wood Frame, Painted, Stucco, Block |
School Information
| District | Phoenix Union High School District |
|---|---|
| High | Central High School |
Additional Information
| Zoning | R3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Better Homes & Gardens Real Estate SJ Fowler |
|---|