About 2719 W Maryland Avenue
Extensively renovated 8-unit multifamily community located along the I-17 corridor in Central Phoenix. Originally constructed in 1958, the property recently underwent a comprehensive renovation program totaling more than $400,000 in capital improvements. Upgrades include replacement of all plumbing and the main sewer line, new electrical systems, a new roof, repaved asphalt, and fully renovated unit interiors, providing investors with a truly turnkey asset requiring minimal ongoing maintenance or near-term capital expenditures. The property features an attractive mix of studio, one-bedroom, and two-bedroom floorplans currently generating nearly $10,600 in gross monthly rental income, offering stable day-one cash flow with strong long-term upside. 7.82% cap rate on current financials.
Features of 2719 W Maryland Avenue
| MLS® # | 7043158 |
|---|---|
| Price | $1,325,000 |
| Bedrooms | 10 |
| Bathrooms | 8.00 |
| Year Built | 1971 |
| Type | Multiple Dwellings |
| Status | Active |
Community Information
| Address | 2719 W Maryland Avenue |
|---|---|
| Subdivision | AMBASSADOR HTS 9-14 |
| City | Phoenix |
| County | Maricopa |
| State | AZ |
| Zip Code | 85017 |
Amenities
| Amenities / Community Features | No Pool |
|---|---|
| Parking Spaces | 12 |
| Parking | Paved, 1 Space/Unit |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Built-In Range, Other, Disposal, Refrigerator, Microwave |
|---|---|
| Heating | See Remarks, Electric |
| Cooling | Electric, Individual |
| Fireplace | No |
Exterior
| Roof | Built-Up |
|---|---|
| Construction | Wood Frame, Painted, Block |
School Information
| District | Glendale Union High School District |
|---|
Additional Information
| Zoning | R-3 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Matthews Real Estate Investment Services |
|---|