Duplex in Garfield Historic Neighborhood

2 Unit Apartment Building | $549,000 ($274,500/Unit) | 5% Cap Rate | Phoenix, AZ 85006

Asking Price $549,000

Property Type: Multifamily
Square Feet: 1,110 SF

Listing Contacts

Beth Hynes

Verified Profile

Property Info

Property Overview

Beautifully maintained Duplex in the heart of the Garfield Historic Neighborhood and one of Downtown Phoenix's most desirable zip codes! Property includes two separate homes with well-manicured black mulch and gravel front common areas, homes do not share walls! Property has been meticulously and continually updated over the past five years. Each home features completely updated kitchens with stainless steel appliances, separate laundry areas with full size Whirlpool washers & dryers. New 2023 asphalt roof and gorgeous new 20 mm vinyl flooring in unit 1117. Both units feature vaulted ceilings in the bedrooms, new LED lighting, all new ceiling fans, stylish color pallets and unique design features such as wood accent walls and stone backsplashes. Great natural light in each unit
through large windows and adjustable blinds. Front garden bed offers beautiful, drought tolerant cacti and palms, watered weekly with timed irrigation system. Gravel parking in front fits a half dozen cars or more, along with ample street parking. No HOA! Property is zoned R3 residential, city has confirmed development of additional unit is possible at any time. Units are leased to June 30th and July 31st respectively.
Property is steps away from fun events on Roosevelt Row, restaurants like Welcome Diner, Gallo Blanco and only 1.5 miles from Chase Field, Fry's Grocery, EoS Gym and CityScape.
Sale includes all appliances, spacious shed built in 2020, a new two car carport built in 2023. Both units are currently occupied, please do not disturb tenants!

Property Details

Year Built/Renovated: 1926/2018
Stories: 1
Lot Size (sq. ft): 6,970 SF
Units: 2

Highlights

Tons of Parking!
You can build another unit!
live in one, rent out the other!

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