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Jeff Dial

jd@jeffdial.com +1(480) 900-9180

$ 450,000

Est. payment | -/mo

4 Beds

Save

$ 450,000

Est. payment | -/mo

Save

4 Beds

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 7069799

Bedrooms 4

Maintenance Fees $1,500

Year Built 1986

Annual Tax Amount $831

Tax Year 2025

Lot Dimensions 5200 SF

Source Arizona Regional Multiple Listing Service (ARMLS)

Property Description

Uniquely located immediately behind Phoenix Children's Hospital just west of the SR-51 Freeway, Cambridge II presents a unique value-add duplex offering.

Built in 1986 and consisting of 2 x 2-bed, 1-bath floorplans averaging 672 SF, future ownership will have the opportunity to complete a renovation program to capture rent premiums already achieved in the the market. Alternatively, the property is positioned well for short-term renting for traveling nurses (given it's proximity to Phoenix Children's Hospital) and/or an owner-occupied investment approach.

***PROPERTY IS CURRENTLY VACANT. LEASING WILL COMMENCE BY MID-SEPTEMBER.

Location

State AZ

County Maricopa

Area Maricopa

Zoning R-3

Interior

Heating Central, Electric

Cooling Central Air, Electric, Individual

Flooring Tile

Appliance Free-Standing Range, Disposal, Refrigerator

Exterior

Exterior Feature Sidewalk(s)

Parking Features Paved, >1 Space Per Unit

Community Features See Remarks

Roof Type Composition

Private Pool No

Building

Sewer Public Sewer

Water City Franchise

Structure Type Sidewalk(s)

New Construction No

Schools

School District Phoenix Union High School District

Others

Senior Community No

Tax ID 117-04-035

Acceptable Financing No Carry, Conventional, 1031 Exchange, FHA, VA Loan

Disclosures None

Listing Terms No Carry, Conventional, 1031 Exchange, FHA, VA Loan

Listed by Marcus & Millichap • Christopher Paul Bay

Nearby School & Business

+1(480) 900-9180

jd@jeffdial.com

17550 N Perimeter Dr # 100, Scottsdale, AZ 85255, United States

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1702 E Cambridge Avenue Phoenix, AZ 85006