Melinda Muller
REALTOR®, CRS, CLHMS, CSP
BEDS0
BATHS
MLS#6992945
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONMONTGOMERY
SCHOOLPhoenix Union High School District
Property Description
Exceptional 3-unit, garden-style investment opportunity offering a 9.23% gross CAP rate. The property features a thoughtfully reimagined front residence originally built in 1936 and fully renovated in 2024, along with a newly constructed rear ADU completed in 2024. The unit mix includes one (1) 3-bed/2-bath unit, (1) 2-bed/2bath unit, and (1) 2-bed/1-bath unit. Each residence offers fully upgraded interiors with white quartz countertops, luxury vinyl plank flooring, subway tile showers, stainless steel appliances, and in-unit washer and dryer. Recent exterior improvements include new stucco, dual-pane windows, new HVAC systems, a new roof, and ample on-site storage. Tenants also enjoy access to a spacious shared backyard area, creating a comfortable outdoor setting for residents. designed for shared outdoor living.Ideally situated in the Roosevelt Arts District, the property offers convenient access to Downtown Phoenixs thriving cultural venues, acclaimed dining, and premier entertainment destinations.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Electric, Ceiling Fan(s)
Heating: Central, Forced Air
Roof Type: Built-Up
Taxes: $523
Year Built: 1936
Feature Descriptions
Community Features: Other
Days on Site: 101
Exterior: Block, Stucco
Flooring: Ceramic Tile
Parking: >1 Space Per Unit
Water: City Franchise
Local Schools
Middle School: Phoenix #1 iAcademy
Elementary School: Lowell Elementary School
School District: Phoenix Union High School District
Listed By / Shown By
Listed By
Agency Name: Jason Mitchell Real Estate
Agency Phone: 480-522-1030
Shown By
Agent Name: Melinda Muller
Agent Phone: (480) 980-5213
Agency Title: Arizona Best Real Estate
Estimate Your Payment
Estimated Payment
$ 1,805.39 per month $1,557.67 Principal & Interest $43.58 Property Tax $204.14 Homeowner's InsuranceChange Payment Information
“All information should be verified by the recipient and none is
guaranteed as accurate by ARMLS”
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
1015 S 1st Avenue | MLS# 6992945
This multi-family property located at 1015 S 1st Avenue, Phoenix, AZ 85003 is currently listed for sale with an asking price of $699,900. S 1st Avenue is located within the Phoenix Union High School District school district. Search Phoenix real estate on mmuller.arizonabest.com today.